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Crime

Banks charged dead people fees for a decade

Everywhere around the world, I find politicians and bankers in dodgy practices. It’s because power and money go together. We’ve seen this clearly in EU and USA with LIBOR, CDOs, PPI, bribes, parties, prostitutes and more, and I was reminded of it when seeing a presentation the other day by …

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Why big banks fail

A good example of that big bank thinking I referred to yesterday is Santander, and an incident that I fumed about the other day. I usually make payments to EU companies via my business account, which pays no fees on EU payments as per PSD2 and SEPA principles. However, I …

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Most companies are unprepared for a cyberattack

I was looking around at what’s new online, and just discovered the Hiscox 2018 Cyber Readiness Report. This is the second Hiscox Cyber Readiness Report, conducted by Forrester Consulting, and puts the spotlight not only on the financial consequences of individual cyber breaches but also on the enormous cost in …

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A dangerous game of whack-a-mole on the dark web

I was at a recent cybersecurity conference where the head of Europol’s European Cybercrime Centre (EC3) was talking about the threats we face today from the dark web. After Silk Road, much of its illegal business switched to Alpha Bay. The authorities took out Alpha Bay and Hansa business increased …

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Kim Jong-un isn’t that clever … is he?

OK, so I said earlier this week that I normally get asked about security by someone who is threatened by the onwards march of digitalisation. Sure, security is important, and the issue is that for every step of innovation we create a step of risk. We don’t know the risks …

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Regulating the unregulated

I was thinking about this question of how to regulate global technology platforms that don’t recognise national boundaries, mainly in the context of crypto and digital currencies. How can you regulate a global currency that has no view of state or national laws? Obviously, you can only regulate it when …

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The crazy world of crypto currencies and ICOs

I’m boarding a flight yesterday and murfing (mobile surfing).  Flicking between Facebook apps, twitter, bank account, BBC news and more.  Suddenly I spot a new ICO – Initial Coin Offering – for a new bank.  From Wikipedia: “An initial coin offering (ICO) is a means of crowdfunding the release of a new cryptocurrency. Generally, tokens …

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It’s so easy to hack you, and here’s how

It was really interesting listening to Jamie Woodruff, The Ethical Hacker, talking about how he can break into anyone’s system.  It’s pretty easy when you know how.  His discussion shows just how easy it is, if you have confidence to con.  This reminded me of Tony Sales who spoke at …

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