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Crime

In through the out door

So, unlike my prediction of just yesterday, the Diamond geezer has gone. Like a revolving door Marcus Agius, the Chair of Barclays Bank, resigned on Monday. Now, two days later, Bob Diamond has resigned and Agius is back. What is going on? Well, first there has been a massive public …

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The whistleblower who sued Citibank, and won

Just been reading this month’s Bloomberg Markets, with the lead story: “Woman Who Couldn’t Be Intimidated By Citigroup Wins $31 Million”.  The story proves to be an intriguing in-depth analysis (4,000 words) and is not an indictment of Citigroup per se, but of the corporate mentality of any global business …

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Toxic Debt or Credit Crunch: the App

Toxic1

I was just alerted to a new game app for the iPad and iPhone on the iTunes store. It’s called “Toxic Debt or Credit Crunch”. I downloaded the app and started playing it just to make sure it’s real. The game opened with the story detail: Planet Shred was once …

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There is no such thing as identity theft

So I just had a meeting with a couple of heavyweights in the cybersecurity field. These guys are bank defenders, and very good at their jobs. Their mission: to keep cyberattacks to an acceptable level. Acceptable is a few basis points of total credit, let’s say under 0.7%. Fine. But …

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There is no such thing as identity theft

So I just had a meeting with a couple of heavyweights in the cybersecurity field. These guys are bank defenders, and very good at their jobs. Their mission: to keep cyberattacks to an acceptable level. Acceptable is a few basis points of total credit, let’s say under 0.7%. Fine. But …

Read More »

Why cash works and mobile internet doesn’t

Malware pc

The wireless world of connectivity we live in has risks, and the greatest risk has to be infection of technology. Technology viruses like trojans and man-in-the-middle look mild today, when you see the tsunami of malware that’s out there. Just a year ago, I was saying that banks should offer advice …

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Why cash works and mobile internet doesn’t

Malware pc

The wireless world of connectivity we live in has risks, and the greatest risk has to be infection of technology. Technology viruses like trojans and man-in-the-middle look mild today, when you see the tsunami of malware that’s out there. Just a year ago, I was saying that banks should offer advice …

Read More »

Anonymous: dangerous or laughable?

191590-occupy-anonymous

We have seen a great deal of activity from the activist online community called Anonymous in the last year. They first hit my radar when they closed down the websites of PayPal, Visa and MasterCard in retaliation for the arrest of Julian Assange and closure of Wikileaks funding accounts. This resulted …

Read More »

Anonymous: dangerous or laughable?

191590-occupy-anonymous

We have seen a great deal of activity from the activist online community called Anonymous in the last year. They first hit my radar when they closed down the websites of PayPal, Visa and MasterCard in retaliation for the arrest of Julian Assange and closure of Wikileaks funding accounts. This resulted …

Read More »

Who the hell needs biometrics in banking?

Biometrics isn’t discussed that much at banking conferences these days. Most of the time, when I raise the topic, there’s a groan from the banking audience. “Oh, been there, done that.” The usual view is that biometrics doesn’t work.  It’s too flakey.  Too many false positives and false negatives, as …

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Now it’s an eyePhone

Bankinter1

Talking about iris recognition and passwords recently, I got a note from Spanish Bank, Bankinter, which has just launched an app that identifies clients through iris recognition on the phone.  The way it works is that customers access their brokerage accounts by blinking into their smartphone’s camera. The app has algorithms …

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Passwords just don’t hack it

Like everyone, I’m completely fed up with passwords and online security. It just doesn’t hack it anymore, or is that makes it easiest to hack. The system is thirty years old – I used to use passwords to get onto the company network back in the 1980s.  In fact, it’s …

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