In recent years the global payment landscape has undergone a seachange. Gone are the days where financial transactions impacted only core and branch banking. In the last few years, fintechs have opened previously unimaginable avenues for individuals and businesses alike. Fueled by the mobile revolution, the financial vocabulary has grown to include tablet banking, mobile […]
Posts Tagged ‘transactions’
11
Jan
2017
Some financial institutions are now offering so-called “cardless ATM” transactions that allow customers to withdraw cash using nothing more than their mobile phones. But as the following story illustrates, this new technology also creates an avenue for thieves to quickly and quietly convert stolen customer bank account usernames and passwords into cold hard cash. Worse still, fraudulent […]
Category Mobile security
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The former CISO of a large intelligence community agency once told me, “The number one challenge in IT Security is the carbon-based life form.” Needless to say, that comment has stuck with me as I read articles daily about hacks with their genesis found in credentials lifted from phishing schemes. Given that background, I was […]
Category Vulnerabilities
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