bank

Thu
25
May
John Lister's picture

Eye and Voice Logins Compromised

Two biometric security measures have come into question after reporters and researchers claimed to have overcome them. A phone's iris recognition and a bank's voice log-in both appear to be less than perfectly secure. The Samsung Galaxy S8 - ... arguably the most high-profile and hyped phone currently running the Android system - includes an option to unlock the phone by simply looking at the camera. In a similar way to fingerprint recognition, it works on the idea that the patterns in the eye's iris are unique. Samsung described these patterns as "virtually impossible to ... (view more)

Wed
03
May
John Lister's picture

Facebook Rejects Claims of 'Mood-Based Advertising'

Facebook is rejecting claims that it let advertisers target users based on their current mood. It says research into the technology was carried out, but not used for advertising. "The Australian" newspaper report was based on leaked internal data ... that says Facebook could figure out mood swings based on combined data from user posts and pictures, the interactions they had with other users, and other activity on the site. Some of the moods which Facebook could reportedly discover included feeling anxious, defeated, nervous, overwhelmed, silly, stressed, stupid, useless or a failure. ... (view more)

Thu
23
Mar
John Lister's picture

Email Scammer Takes $100 Million

A man has been arrested after allegedly scamming two US companies into sending him more than a hundred million dollars online. He posed as a legitimate computer manufacturer and issued bogus requests for payment. The companies haven't been named, ... but prosecutors say one is a "multinational technology company" and the other a "multinational online social media company." Evaldas Rimasauskus was arrested in Lithuania last week and has been charged in US courts with one count of wire fraud, one count of aggravated identify theft, and three counts of money laundering. Bogus ... (view more)

Fri
25
Mar
Dennis Faas's picture

Explained: Do I need a VPN? Are VPNs Safe for Online Banking?

Infopackets Reader Janie T. writes: " Dear Dennis, I wanted to know if I should use a VPN (virtual private network) to connect to my bank website. A service I came across called saferweb.com claims that they will encrypt my connection, but I don't ... know if they can be trusted or not. What do you think? PS: I love your daily infopackets letters - they are very informative. " My response: This is a good question. When visiting saferweb.com I noted the following statements on their site: "Safer Web gives you an extra layer of security against Internet hackers. By hiding your IP, we keep your ... (view more)

Tue
27
Jan
John Lister's picture

Financial Regulators May Oversee Bitcoin

Two Facebook millionaires want US officials to regulate an exchange for buying and selling the controversial "cryptocurrency" Bitcoin. The move follows a scandal when the largest such exchange in Japan went out of business . The Bitcoin currency ... isn't issued by any government or backed by any assets. Instead, each new unit of the currency is created when a computer successfully solves what's effectively a puzzle designed to slowly increase the amount of Bitcoins in circulation. Every time one user pays a Bitcoin to another, a publicly available ledger of transactions is ... (view more)

Fri
10
May
Dennis Faas's picture

Hackers' ATM Trick Results in Record-Breaking Heist

Eight men have been accused of using bogus bank cards to empty ATMs worldwide. In one single-day attack, the gang allegedly took $40 million. The crimes were kept quiet while investigators hunted down those believed responsible. Only seven men will ... stand trial, with the other having been shot by unknown attackers in the Dominican Republic. He's thought to have masterminded the operation. And the hunt isn't complete: prosecutors believe a total of two dozen people were involved in the highly sophisticated operation. Prepaid Cards Key to Heist It appears the first step was for hackers to gain ... (view more)

Wed
28
Mar
Dennis Faas's picture

PayPal Launches Smartphone Credit Card Reader

PayPal has unwrapped a new device that allows anyone with a smartphone to accept credit card payments. Unlike some other systems, "PayPal Here" doesn't require any special chips be installed in the phone itself. The idea is to tackle two existing ... problems for merchants who want to take credit and debit card payments: First, card payments usually require the merchant to have a device with telephone connectivity, to allow instant bank verification of the customer's identity and account. Second, taking such payments often entails hefty fees from the card-issuing bank, the merchant's ... (view more)

Thu
23
Dec
Dennis Faas's picture

Bank of America Severs Wikileaks Affiliation

In recent weeks, corporations associated with Wikileaks have had to make the difficult decision of whether or not to sever all ties with the organization, and if so, face the potential of backlash on their own companies, including distributed denial ... of service attacks. Bank of America is the latest to join the list of financial and technology companies that have cut off services to Wikileaks, but their decision might have been made with the knowledge that Wikileaks is prepared to release confidential and likely scandalous information about the institution. Two Sides to the Story The official ... (view more)

Mon
09
Nov
Dennis Faas's picture

FBI Warns of ACH Fraud: Businesses, Banks Targeted

A recent report suggests that cyber criminals are now setting their sights on small- and medium-sized businesses and institutions. According to an alert posted on the U.S. Federal Bureau of Investigation (FBI) website, there has been a "significant ... increase" in automated clearing house (ACH) fraud over the past few months, targeting small businesses, municipal governments and schools. The FBI believes that about $100 million dollars has moved bank accounts because of this practice. (Source: yahoo.com ) The "weapon of choice" for these fraudsters is online banking and the plan is rather ... (view more)

Tue
17
Jun
Dennis Faas's picture

'Uxtender', and 'Xero Bank Browser'

Uxtender This little patch will enable the user to have his own unsigned themes ready to use on the new Windows XP Service Pack 3 install, recently released by software giant Microsoft. http://winprj.net/ Xero Bank Browser xB Browser, xB Mail, and ... xB VPN are distributed in the XeroBank Installer. xB Browser is the most popular anonymous web browser in the world and with good reason. xB Mail offers you a strong email client that makes encrypted messaging effortless. When coupled with XeroBank's Encrypted eMail service, you can access and anonymously send email from anywhere. xB VPN is the core ... (view more)

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