Posts Tagged ‘banking’
IN THE HEADLINES: Banking Trojans — The Best Thing to Happen to Small Business
Posted by: Neal OFarrell in: ● December 3, 2010
The National Cyber Security Alliance just announced the results of a study into small business attitudes to cyber security. According to the NCSA, the results are eye-opening: Nearly 50 percent of all small business owners believe the high cost in time and money to fully secure their business is not justified by the threat. 75 [...]
A Real Life Grabber: New Trojan, New Concerns
Posted by: Neal OFarrell in: ● November 15, 2010
I’ve predicted for a while that because the more recent generation of malware – and especially Trojans – has been so effective, we’re going to see lots more of the same. And better, more sophisticated ones. And I was right. Again. One thing I’ve learned over the years is that if an attack, scam or [...]
IN THE HEADLINES: Thieves Are Now Faking Entire Credit Unions
Posted by: Neal OFarrell in: ● October 7, 2010
In a bold new attempt to trick victims, scammers recently set up what appeared to be a legitimate credit union offering loans and other financial products to the unsuspecting public. According to numerous reports, authorities in Michigan were recently alerted to a credit union in the state operating as Whitestone Credit union. The credit union [...]
The Price of Convenience
Posted by: Anne Madrid in: ● October 4, 2010
I realize I am dating myself, but when I started banking, as a teen, Automatic Teller Machines (a/k/a “ATMs”) were the latest and greatest, high tech banking contraption. Using an ATM card was far more convenient than writing a check to “Cash”, as long as you kept the receipt and remembered to record the withdrawal [...]
IN THE HEADLINES: Sanitary District Has to Sue to Get Stolen Money Back
Posted by: Neal OFarrell in: ● September 7, 2010
This isn’t the first time that I’ve talked about the notion of “zero liability” and the false sense of security it can create about victim responsibility and liability if money is removed from their accounts in a cyber attack. Most financial institutions now offer some form of zero liability that promises to quickly reimburse any [...]
IN THE HEADLINES: Could Zeus Be the Biggest Threat Ever?
Posted by: Neal OFarrell in: ● August 19, 2010
In a recent story on the growth of one of the most dangerous computer Trojans every discovered, tech magazine, Network World, opened with the line “Banks and antivirus powerless to stop attacks.” It’s been almost a year since I first started warning about the dangers of Zeus, a powerful banking Trojan that was wreaking havoc [...]
IN THE HEADLINES: Identity Thief Scams Billionaire Out of $1.4 Billion
Posted by: Neal OFarrell in: ● August 13, 2010
Los Angeles real estate billionaire Donald Bren’s name may not be familiar to many people reading this blog. Which means you probably wouldn’t recognize his face if he walked up and introduced himself. Which is probably also why a complete stranger was able to walk into a bank, open an account in the billionaire’s name, [...]
IN THE HEADLINES: A New ATM Attack Surfaces in Las Vegas
Posted by: Neal OFarrell in: ● August 3, 2010
Ever used one of those stand-alone ATMs, the ones you’ll most often find in restaurants, supermarkets, or gas stations? I try to avoid them, not just because they can charge pretty hefty fees for even the smallest withdrawal, but honestly I’ve just never trusted them. After all, you have no idea who owns the ATM, [...]
IN THE HEADLINES: Why You Can’t Always Depend on Zero Liability
Posted by: Neal OFarrell in: ● July 29, 2010
Zero liability. It even sounds good. And it’s supposed to. It was coined by the financial industry and driven by federal laws to ensure that victims of identity theft and fraud would not be liable for unauthorized charges or withdrawals on their accounts. In most cases, your liability for the actions of thieves, even if [...]
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