payments security Archives - Page 2 of 3

The SWIFT Customer Security Programme EXPLAINED! 3

Dec

10

2016

Anybody that uses SWIFT will have heard about the SWIFT Customer Security Programme, and in this post i will cover the main things you need to know. Right now, the SWIFT Customer Security Programme (CSP) is being validated and SWIFT are inviting the SWIFT community to give their feedback on the programme with a view ...

Two Factor Authentication Explained in About 5 Minutes 7

Nov

16

2016

When it comes to cybersecurity best practice, Two Factor Authentication is widely viewed as a must-have. Two factor authentication adds an additional step to signing into any application which many feel is a bit of a headache, but more importanly it helps to safeguard and protect your online identity which is increasingly becoming central to ...

31 Really Simple Kick-Ass Things I Learnt About Cybersecurity 6

Oct

20

2016

Okay, so you may have noticed that I’m writing up my notes from Sibos 2016. Given the SWIFT related hacks, cybersecurity was obviously hot, and there were plenty of sessions covering the topic. I know that this is a couple of weeks late, but I think the following cybersecurity list is really useful and simple ...

A News Bulletin Overview of the SWIFT Related Hacks 6

May

20

2016

By now most people are aware of the reports of a second third SWIFT related hack. I was reading about the various reactions to the hacks and it is pretty alarming stuff. The Vietnam hack involves a SWIFT Service Bureau which for many corporates is a scary prospect, because many of them are also using SWIFT ...

7 Step Guide to Covering Up SWIFT Payment Fraud 1

Apr

27

2016

In the post SWIFT, Hackers, Casinos and a Billion Dollar Bank Job i gave an overview of what happened and some of the lessons learnt from the Bangladesh Bank heist in February 2016. Interestingly BAE Systems released technical details around how they think the hackers managed to cover their tracks. The Two bytes to $951m is ...

Business Email Compromise Scams Are Increasing! 3

Apr

12

2016

Last week the FBI published a warning of the dramatic increases in business email compromise scams. In this post i will share what a business email compromise scam looks like and details from the latest FBI press release. What is a Business Email Compromise Scam? In short, it is a low tech way of exploiting ...

SWIFT, Hackers, Casinos and a Billion Dollar Bank Job 5

Apr

4

2016

SWIFT is increasingly targeting the corporate market as a highl secure and reliable corporate to bank connectivity solution. SWIFT has some clear benefits, but it aint a magic bullet. The incredible cyber theft last month will leave many SWIFT customers (banks and corporates) worried about similar copy-cat type thefts via the super secure SWIFT network. ...

29 Global Risks from the WEF You Need To Know

Jan

21

2016

To put it mildly it has been an uneasy start to 2016. Global stock markets are plummeting, there are geopolitical tensions in Eastern Europe and on the Korean peninsula, a refugee crisis on the European doorstep that has instigated a global debate, horrific terror attacks, concerns about the economic health of China and uncertainty over ...

10 Insights by Nick Leeson on Risk, Failure and Success 1

Oct

7

2015

Today I attended a AccessPay event at the Barbican Centre in the heart of the City of London. There were some interesting presentations from SWIFT, Barclays and Faster Payments. The highlight was the keynote speaker Nick Leeson, the infamous rouge trader who brought down Britain’s oldest merchant bank in 1995. Admittedly, I don’t know too ...

CEO Fraud or Business Email Compromise EXPLAINED! 3

Sep

21

2015

CEO Fraud or Business Email Compromise (BEC) has been widely reported with several recent high profile incidents. It is a global threat to corporates, large and small, and is on the face of it a simple and highly effective way of ‘attacking’ an ill prepared and uninformed company. Before you say, that can never happen at my ...