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Crime

The easiest ways to steal your money

There are many ways to defraud people. You only have to watch programs like Hustle and The Real Hustle to realise how simple it is. These scams all play on human greed, fear and emotion, and use social engineering to con folks out of their cash. A good example is this …

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Paranoid about launderers (and rightly so)

Since the big headline fines of Standard Chartered and HSBC for money laundering last year, there have been a lot of things rumbling in the background. In particular, the backlash from such activity has been quite notable, with HSBC throwing money service providers off their payments network last November and Barclays …

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How to secure an insecure world

Another major focal point of the debate last week was around information security, something that I presented around in-depth.  My tenet is that banks should place themselves firmly at the heart of information security and offer customers a secure data vault.  The bankers' reaction to this is: doesn’t that make …

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How to steal … the easy way

Tony1

We were privileged to host Tony Sales last week. Tony is Britain’s Greatest Fraudster, according to the Sun … … stealing over £30 million in a lengthy criminal spree of robbing cards and retailers of goods and services. Easily done, as it turned out. And you can see why when …

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How to steal … the easy way

Tony1

We were privileged to host Tony Sales last week. Tony is Britain’s Greatest Fraudster, according to the Sun … … stealing over £30 million in a lengthy criminal spree of robbing cards and retailers of goods and services. Easily done, as it turned out. And you can see why when …

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How to catch a cybercriminal

Koobface

Growing up in 21st century is wondrous, amazing and fun. You can connect to everyone on the planet. You can find friends from Tokyo to Timbuktu. You can catch an airplane like your dad caught a bus. You can pay carry a roomful of music around in your pocket and …

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How to catch a cybercriminal

Koobface

Growing up in 21st century is wondrous, amazing and fun. You can connect to everyone on the planet. You can find friends from Tokyo to Timbuktu. You can catch an airplane like your dad caught a bus. You can pay carry a roomful of music around in your pocket and …

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£3 million from a simple ATM skim

I was just surfing the BBC news for information about the new Governor of the Bank of England and found this as the #1 most viewed video clip today.   The story is about a Romanian fraudster who admitted to stealing £3 million from a card-skimming scam.  He couldn’t exactly deny …

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Next generation authentication: DNA?

Scarey

I’ve blogged often about the issues of identity, passwords, lack of security and the whole gamut of how mobile internet combined with social media changes everything.  Now it’s hit the mainstream media when British Airways magazine has its main front page talking about cybercrime. The first line gives away the …

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What is an acceptable level of fraud?

DCW

Derek Wylde, Group Head of Fraud at HSBC, presented at the Financial Services Club last week.  He talked about many aspects of fraud and risk, and presented quite  a few numbers related to the issue. One of the charts raised questions in my mind.  It related to the total cost …

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75% of banks aren’t checking for money launderers

I got a shock the other day.  We were discussing transaction processing with one of the banks, when  the head of transaction processing turned to me and said: “Chris, you know what?  We now have more people checking what we are doing than we have doing what we are doing!” …

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