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The WiKID Blog

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end-of-an-era

Western Union Telegrams

new-software-token-release-fixes-compilation-error

We've released version 3.0.9 of the J2SE software token. If you downloaded 3.0.8 and found it didn't work it was because it was accidentally compiled with Java 6. If you were running Java 6, you didn't notice.

banks-seek-tighter-security-from-vendors

According to today's WSJ, 6 big US banks and BITS will announce security standards for their vendors. This action shouldn't come as a surprise, since the banks are essentially following in the footsteps of VISA and Mastercard and their CISP/PCI standards that attempt to secure the credit card industry - especially since the banks own VISA and Mastercard.

more-on-low-frequency-high-impact-events

Adam's post yesterday on the agency problem got me thinking more about low-frequency, high-impact events and their predictability. His post was about Bear Stearns and how employees lost money. The interesting point for me was that those are the people that should have been in the best position to know that the potential for a high-impact event was increasing.

banks-slow-intrabank-transfers-to-help-spot-fraud

According to Gartner, four UK banks have slowed intrabank transfers to try to reduce fraud.

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