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Viewing posts tagged Phishing and Fraud

security-issues-with-googles-anti-phishing-tool

Posted by: admin 14 years, 8 months ago
There is a great post by Nitesh Dhanjani over at O'Reilly about his security concerns about their Safe Browsing for Firefox extension.

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

Posted by: admin 14 years, 8 months ago
According to Gartner, four UK banks have slowed intrabank transfers to try to reduce fraud.

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bank-security-article-published

Posted by: admin 14 years, 8 months ago
Please check out the article I wrote for Bankinfosecurity.com: Reducing Online Banking Fraud with Stronger Authentication Methods

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sec-closes-barn-door-horses-unavailable-for

Posted by: admin 14 years, 8 months ago

Security Focus has a breif on the SEC's action to suspend trading in pump & dump stocks. The full SEC press release is here. From the press release:

On Friday, Dec. 15, 2006, shares in Apparel Manufacturing Associates, Inc. (APPM) closed at $.06, with a trading volume of 3,500 shares. After a weekend spam campaign distributed emails proclaiming, "Huge news expected out on APPM, get in before the wire, We're taking it all the way to $1.00," trading volume on Monday, Dec. 18, 2006, hit 484,568 shares with the price spiking to over 19 cents a share. Two days later the price climbed to $.45. By Dec. 27, 2006, the price was back down to $.10 on trading volume of 65,350 shares.
Maybe I'm missing something here, but don't you think the pump and dumpers sold their stocks before the end of the year? I mean it's not like they were waiting to get the income into the next tax year.

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identity-theft-the-nanny-state-and-ambulance

Posted by: admin 14 years, 8 months ago

Mordaxus at Emergent Choas has an inciteful post on how the government can protect people from identity theft.

I can think of a situation we need protection from. Here is a scenario. Let us take the case of a lender, Larry. We need a law to make it so that if Larry lends money to Alice, he cannot try to collect it from Bob. That's all we need. If we have that, we'll have all the legal protection we need to solve identity theft.
This is an interesting idea, but I fear that it is too simplistic. I suspect that this is the current law. The problem is really the burden of proof. Currently, Bob has to prove to Larry that he did not borrow the money. Larry gets to put all sorts of nastiness onto Bob's credit report that Bob will never be able to get off. Bob can sue Larry, butas mordaxus points out, the way to change the business practice is to make it not worthwhile, which means a class-action lawsuit.

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