Online banking fraud surged by 14 percent in 2009, according to the UK Cards Association. Research by the financial organisation revealed that the losses from online banking fraud totalled £59.7m in 2009. It said the increase was due to criminals using malware to target online banking customers rather than the banks’ own systems, which are more hard to attack.The research also revealed there was a 16 percent increase in the number of phishing incidents reported during 2009.
Posts Tagged ‘Easy Target’
Online banking fraud surges by 14 percent – networkworld.com – 11 Mar 2010
March 12th, 2010 
Before You Invest 
Posted in Finance Fraud 
Tags: Ann Skinner, Assistance Company, banking fraud, Blaney, Card Fraud, Card Purchases, Carrie Ann, David Cooper, Easy Target, Fraud Control, Fraud Losses, Fraud Prevention, Internet Activity, Life Assistance, Mastercard Securecode, Partnership Approach, Prevention Solutions, Prevx, Security Firm, Target Online 
Comments OffRegulating derivatives could do more harm than good
October 23rd, 2009 Before You Invest Rep. Eric Cantor, R-Va., writes that lawmakers are focusing on an simple target — the derivatives market — rather than identifying and tackling the root causes of the global financial crisis. Cantor, the Republican whip, warns that new regulations being considered by Congress could do irreparable hurt to businesses and consumers. “Rather than the tool for yucky financial manipulation it is described to be, the derivatives market plays a very vital role in solidifying the competitiveness of American businesses,” Cantor writes.more at http://www.investors.com/NewsAndAnalysis/Article.aspx?id=509198
