Chris Skinner's blog

Shaping the future of finance

Crime

Cracking ATMs the malware way

I get a lot of email feeds and news from financial websites, but often spot real banking news in more unlikely places … like New Scientist magazine. On the front cover of last week's mag was a story about Gaia's evil twin.   I thought that was going to be about the social networking world…

EAST ATM Fraud

Time for the Gangsters?

A new film comes out in July called Public Enemies, with Johnny Depp and Christian Bale. It’s the story of John Dillinger, who went on a rampage of bank robbing in 1933-34, and gained notoriety as a kind of Robin Hood gangster anti-hero. At the time, many other anti-hero’s were at work with Al Capone…

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Time for the Gangsters?

A new film comes out in July called Public Enemies, with Johnny Depp and Christian Bale. It’s the story of John Dillinger, who went on a rampage of bank robbing in 1933-34, and gained notoriety as a kind of Robin Hood gangster anti-hero. At the time, many other anti-hero’s were at work with Al Capone…

VocaLink_rgb_250x120

Are you being hacked (and do you know)?

According to McAfee, Americans have lost about $8.5 billion because of internet scams in the last two years alone.  As a result, they've launched an interesting series of videos to educate your Average Joe's and Jane's in what to do and what not to do for safe surfs. Here's Episode 1 that talks about 419s,…

A real-time global pulse

As we use low latency systems, faster payments, twitter and other technologies, we silently watch the revolution of our world from local to global communities, and to a real-time global pulse. The thing is, do you ever stop to notice? The fact that you can trade in a millionth of a millionth of a second,…

The Dark Economy

Interesting blog post at the British Computer Society's blog about the Dark Economy, which states that there are 17,000 unique signatures of new threats per day; this threat has been growing massively since 2006 with 9 out of 10 threats being from Trojans which download from 'innocent links'. The blog links to a BBC Radio…

Insider Trading and Twitter

I wondered recently about the potential of market abuse in new social media.  This was inspired by an April Fool from the Insurance Post, which had the headline: "FSA proposes ban on social networking sites". "The Financial Services Authority has called for a ban of social networking sites such as Twitter and Facebook for all…

TwitLeeson

Insider Trading and Twitter

I wondered recently about the potential of market abuse in new social media.  This was inspired by an April Fool from the Insurance Post, which had the headline: "FSA proposes ban on social networking sites". "The Financial Services Authority has called for a ban of social networking sites such as Twitter and Facebook for all…

TwitLeeson

More fake twitterers in banking

I was going to write a long post about the latest goings-on in this year's social network bandwagon, Twitter, but I've already done this a few times, and Christophe Langlois at Visible-Banking along with Bank Innovation give plenty more background on Twitter in banking if you're interested.   I do have more to add but,…

Goodwin

PIN codes cracked and 285 million data breaches

Wired's blog just noted that Bryan Sartin, director of investigative response for Verizon Business, is saying the backbone of bank security – the PIN – is broken by hackers.  In fact, he reckons, its' been blown apart. "We're seeing entirely new attacks that a year ago were thought to be only academically possible," says Sartin. …

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