Tuesday, April 28, 2009

62% of Major Applications Breached in Last 12 Months

Over 60% Of Breaches Tied To Flaws In Business-Critical Applications

DarkReading

If you still don't think security vulnerabilities in software will necessarily catch up with you, think again: 62 percent of organizations in the last 12 months suffered data breaches as a result of bugs being exploited in their major applications, according to a newly released survey.
Forrester Consulting, commissioned by Veracode, surveyed application developers and security and risk professionals in 200 organizations in the U.S. and U.K., and found that secure software development programs are rare -- only 34 percent said they have a software development lifecycle program that integrates security.
"The survey showed that people, process, and culture are the primary inhibitors," says Matt Moynahan, CEO of Veracode, in an interview. "Security is not a core competence of enterprises developing code."

Continue DarkReading

Bling Nation Chooses Phone Factor for Validation

Bling Nation Chooses PhoneFactor to Validate Consumers' High-Ticket Items and Suspicious Transactions
Community Payment Service Offers an Unprecedented Level of Transaction Security to Their Customers

OVERLAND PARK, KS -- (Marketwire) -- 04/28/09 -- PhoneFactor, a leading provider of security products and services, today announced that Bling Nation has selected its phone-based authentication technology to protect bank customers from fraud and identity theft.

Bling Nation provides a Community Payments Service for community banks. Through this service, Bling Nation enables financial institutions to more profitably and securely support payments between their local demand deposit account (DDA) customers and their merchant customers by bypassing the current global debit payment model and replacing it with an efficient, cost-effective and local payment network.

That's where PhoneFactor comes in. One of Bling Nation's key fraud prevention features is to have consumers validate high-ticket and suspicious transactions through PIN entry on their phone before transactions are authorized. PhoneFactor enables this two-factor authentication on consumers' mobile phones by having them authenticate not only the specific transaction, but also the amount. This advanced protection can be added to retail transactions as well as ecommerce and online banking transactions. In an online transaction, out-of-band transaction verification is critical for defeating man-in-the-middle attacks and keystroke loggers.

Puneet Agarwal, COO of Bling Nation, said they chose PhoneFactor because of the company's focus and expertise providing two-factor authentication for financial services applications.

"PhoneFactor also has a robust, highly reliable technical product, and the people are open to working with us to customize the solution for an easy and friendly customer experience," Agarwal said.

About PhoneFactor

PhoneFactor is a simple two-factor authentication service that provides far greater security than usernames and passwords. The award-winning service can use any phone (mobile or landline) as a second form of authentication. PhoneFactor can be setup in minutes and eliminates the need for tokens, smart cards or certificates. Learn more at www.phonefactor.com.

About Bling Nation

Bling Nation provides a local payment network, which allows banks to convert potential on-us debit transactions into actual on-us debit transactions by offering consumers secure contactless payments at the point of sale. Bling Nation's proprietary technology enables transactions to be processed more efficiently than a traditional credit or debit card network, delivering value for the bank, merchants and consumers through its Community Payments Service. For additional information, visit www.blingnation.com.

Company Contact:
Alison Hill
913.499.4146

MRC to Lead Fraud Risk Discussion at NRF Conference

FOR IMMEDIATE RELEASE

MEDIA CONTACT: Jordan Rubin
TELEPHONE: 206.364.2789
EMAIL: jordan@merchantriskcouncil.org

MERCHANT RISK COUNCIL TO LEAD FRAUD RISK AND LOSS PREVENTION DISCUSSION AT NRF CONFERENCE

MRC Executive Director Leads In-depth Discussion on Major Fraud Prevention Advancements

(Seattle, WA—April 28, 2009) The Merchant Risk Council (MRC), a merchant-led trade association focused on electronic commerce risk and payments globally, today announced that Tom Donlea, MRC Executive Director, will moderate the session “What Every Loss Prevention/Risk Manager Must Know in Today’s Economy” as part of the National Retail Federation’s Loss Prevention Conference & EXPO in Los Angeles this June.

Donlea will lead an active panel of fraud experts from Apple, Inc. and Staples, Inc. The panel will discuss the most recent advancements that merchants have gained in fraud prevention, as well as highlight the top tips every multi-channel retailer needs to consider in minimizing risk.

“Electronic commerce plays a crucial role in our industry today,” said Rhett Asher, Vice President of Loss Prevention for the NRF, “Having such a talented group share their expertise about how to minimize the risk of fraud will be of great value to our attendees.”

The panelists for this session are veteran MRC members who will be providing attendees with real-world experiences, tips and tricks for combating e-Commerce fraud, including:

How to continuously improve your fraud/risk management system
The value of effectively managing and disputing chargebacks
The importance and impact of reporting fraud to law enforcement agencies
How payments can impact your particular e-Commerce business model (both good and bad)

This session takes place at 10:15 a.m. on Wednesday, June 17 as part of the NRF Loss Prevention Conference & EXPO at the Los Angeles Convention Center.

About Session Moderator

Tom Donlea, Executive Director, Merchant Risk Council

Tom manages a leading trade association for merchants, vendors, e-Commerce risk management professionals and law enforcement. The Merchant Risk Council (MRC) is a merchant-led trade association focused on electronic commerce risk and payments globally. The MRC leads industry networking, education and advocacy programs to make e-Commerce more efficient, safe and profitable.

About Session Panelists

Susan Grajek - Fraud Prevention Manager, Apple, Inc.

Susan leads the fraud prevention efforts for Apple’s online store and iTunes. Susan began her career in Retail Loss Prevention over a decade ago holding a myriad of positions such as Loss Prevention Coordinator, Regional LP Auditor, Credit Fraud Investigator and Assets Protection Manager. The last nine years have been fighting fraud in the world of e-Commerce. Susan also has held a Board seat with the MRC as well Conference Chair in the past.

Bob Sullivan – Director, Fraud Investigations, Staples, Inc.

Bob has been involved with Staples Asset Protection for over 15 years. As Director, Bob is responsible for all non-store investigations within Staples. For the last eight years, Bob’s primary role has been preventing online fraud attacks against Staples.com and Staples Canada. Bob’s background includes experience in Staples store security as well and distribution security. Prior to joining Staples, Bob was the Planning Director for a large New England Police department.

About the Merchant Risk Council

The Merchant Risk Council (MRC) is a merchant-led trade association focused on electronic commerce risk and payments globally. The MRC leads industry networking, education and advocacy programs to make electronic commerce more efficient, safe and profitable.

Today, with the power of its member-base, the MRC is the leading trade association for managing payments, preventing online fraud and promoting secure e-Commerce. The MRC is dedicated to working with e-Commerce and multi-channel merchants, payment processors, credit card issuers, credit card companies, alternative payment providers, risk management experts, and law enforcement to make the Internet a safer and more profitable place to do business.

The MRC Board of Directors and Advisors includes: Expedia, Inc., Adobe Systems, Inc., Neiman Marcus Direct, Apple, Inc., BestBuy.com, Bill Me Later, Blizzard Entertainment, Chase Paymentech, CyberSource Corporation, Dell, Inc., Discover Network, 41st Parameter, Gap, Inc. Direct, iovation, Microsoft, Trustwave, Visa, Inc. and Wal-Mart.

The MRC is headquartered in Seattle, Washington.

# # #

Jordan Rubin
Communications Manager
www.merchantriskcouncil.org
206.364.2789 office | 206.367.1115 fax

We have moved our offices. The MRC is now located at: 2400 North 45th Street, Suite 15 Seattle, WA 98103

KoobFace: It's In Your FaceSpace

Image representing MySpace as depicted in Crun...

Image via CrunchBase

Source: SunbeltBlog
Complete item: http://sunbeltblog.blogspot.com/2009/04/new-facebook-koobface-run.html

Description:
Koobface, a worm which steals Facebook or MySpace credentials and spams their credentials, is certainly alive and kicking. ere's a run occurring right now. You get a message from a friend:

https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiZ43y-2j0VXS_mLWPuGxA94e78obG_oqpNWIMNgc7pvAS9mIfRBaLMr7bzwvBlZZc8-4UwuQU2DIuKyCwMbKXx26ljD0gJap2FNZvvwFJKd9aqPsU8picY20dJ4Xvi6DpCXM_eMdTlv1s/s1600-h/facbook234882348288.png

Which leads to a Facebook page:

https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi1vh8vv_VcrgAoSud4fcqFqIc8qxwnWy5HHMmCFMOdKeVYcN3VyCuMe1apVPgErkAIyvM6zRylmdbcmP7jgyYKgwyAp9NoihyphenhyphenLUePLQzqOjOIhLg_Ppe-Eo4wP2cztskqQDeNimA7iRho/s1600-h/facebook234892348.png

Which, when clicked, pushes a fake video codec that downloads Koobface

E-Secure-IT
https://www.e-secure-it.com

Twit or Twitout You: The Numbers Grow

Twitter Tally

Tweety Bird would never believe this.

Ifmedia attention is any indication, Twitter has exploded into an all-outphenomenon. Celebrities, politicians, entrepreneurs, business leadersand everyday users are flocking to the service en masse, generating a frenzy of activity and attention.

Everybody is talking about Twitter, but what do the numbers say? Editor's Note: This seems like a good time to let you know you can follow the PIN Payments Blog on Twitter by clicking this line.

eMarketer estimates there were roughly 6 million Twitter users in the US in 2008, or 3.8% of Internet users.

eMarketer projects that the number of Twitter users will jump to 18.1 million in 2010, representing 10.8% of Internet users.

By all measures, Twitter is growing, and quickly.

comScorereported that Twitter.com drew 4 million unique visitors from home,work and college/university locations in February 2009, up from 340,000a year earlier—a 1,086% increase.

Nielsen Online reported 7 million unique visitors to Twitter.com during the month, up even higher—1,381%—from 475,000 the prior year.

The Competefigures were higher for the month charted, and according to its latestfigures, Twitter had over 14 million unique users in March 2009.

comScore also reported a surge in March. After months ofdouble-digit growth, traffic to Twitter.com accelerated 131% to 9.3million visitors for the month.

And the number of Twitter users is considerably greater thanthe number of visitors to Twitter.com, as a result of the multipleaccess points for the service (for example, mobile devices and desktopapps).
What’s driving this phenomenal growth?

“Twitter lets people know what’s going on about things they careabout instantly, as it happens,” Evan Williams, Twitter’s CEO, told The New York Times. “In the best cases, Twitter makes people smarter and faster and more efficient.”

A survey of Twitter users from MarketingProfsbacks Mr. Williams’ views. On a scale from 1 to 5 (with 1 for stronglydisagree and 5 and for strongly agree), the phrase “I find it excitingto learn new things from people” averaged a score of 4.65 and “I valuegetting information in a timely manner” averaged 4.58.

“Above all, people on Twitter are truly motivated by learningnew things and getting information real-time, as it’s developing,” saidAnn Handley of MarketingProfs.

To follow eMarketer on Twitter, and definitely get smarter and faster and more efficient, click here.

Source: IT Pro
Complete item: http://www.itpro.co.uk/610657/olympics-could-be-hit-by-cyber-attack-says-blunkett?CMP=NLC-Newsletters

Description:
Labour MP David Blunkett will warn that the London Olympics could be under threat from a severe cyber attack unless urgent action is taken, according to reports.

At a keynote this week's Infosecurity Conference, he will also claim that terrorists could use sophisticated hacking to cause a complete meltdown of computer and communication systems.

Blunkett will also stress that there is a woeful level of awareness of the cyber attack threat and urge that government, security experts and businesses work together to make Britain more secure.

In reference to the dangers posed to London 2012, he is to say that the threat of criminals engaging in sophisticated fraud can be compared to the danger of more traditional terrorism.

Visitor requirements such as ticketing, transportation and hotel bookings could be disrupted.

He will say that the Games represents an opportunity for fraudsters and those seeking to hurt the economy.

Blunkett will also claim that duplication and hacking into information could allow criminals to disrupt facilities and commit the theft of identity, credit cards and other personal data.

Last year, BT said that it will treat the London Olympics as a major incident.

David Blunkett's constituency had not responded to IT PRO's request for comment at the time of publication.

Monday, April 27, 2009

March 2009 Top Online Retail Categories

Top Online Retail Categories
Source: Practical eCommerce

According to a report by Nielson Online, the Top Online Retail Categories were led by Event and movie tickets, which earned average orders of $252.14 in March 2009

The report from Nielsen Online via MarketingCharts.comshowed that the ticket category outpaced its closest competitorcategory, computer hardware, by more than $63 per average order.

Automotive-related products and consumer electronics each generatedslightly more than $120 on a typical order, while child and baby careitems, sporting goods, home and garden products, office supplies, andfood products all hovered near $75 in revenue for a customary order.

Digital River Chosen by Kodak for eCommerce

Kodak selects Digital River to run global e-commerce operations

Minneapolis, Apr. 27, 2009 -- Digital River, Inc. (NASDAQ: DRIV - News), a leading provider of global e-commerce solutions, announced that it is significantly expanding its relationship with Eastman Kodak Company to manage Kodak’s global e-commerce operations. Under the agreement, Digital River will be providing a full range of e-commerce and e-marketing services to support all consumer online sales of Kodak’s innovative line of digital cameras, digital video cameras, digital picture frames, all-in-one inkjet printers, film and accessories across multiple countries in North America and Europe.

“Conducting cross-border e-commerce is a complex proposition involving multiple languages and currencies, banking relationships, international regulations, taxes and more,” said Joel Ronning, Digital River’s CEO. “Digital River has the global footprint, infrastructure and e-commerce expertise to help companies cut through this complexity and successfully enter online markets much faster and with less risk than they can on their own. We are pleased to expand our relationship with Kodak and work with them in delivering their world-class brand and products to customers around the globe.”

In addition to the new global agreement, Digital River currently manages business-to-business e-commerce sites for Kodak’s Document Imaging and Print on Demand Solutions groups.

About Kodak

As the world’s foremost imaging innovator, Kodak helps consumers, businesses, and creative professionals unleash the power of pictures and printing to enrich their lives. To learn more, visit http://www.kodak.com and follow our blogs and more at http://www.kodak.com/go/followus .

About Digital River, Inc.

Digital River, Inc., a leading provider of global e-commerce solutions, builds and manages online businesses for software and game publishers, consumer electronics manufacturers, distributors, online retailers and affiliates. Its multi-channel e-commerce solution, which supports both direct and indirect sales, is designed to help companies of all sizes maximize online revenues as well as reduce the costs and risks of running an e-commerce operation. The company’s comprehensive platform offers site development and hosting, order management, fraud management, export controls, tax management, physical and digital product fulfillment, multi-lingual customer service, advanced reporting and strategic marketing services.

Founded in 1994, Digital River is headquartered in Minneapolis with offices across the U.S. as well as Brazil, China, England, Germany, Ireland, Japan, Luxembourg and Taiwan. For more details about Digital River, visit the corporate Web site at www.digitalriver.com or call 952-253-1234.

Source: Company press release.

About HomeATM

Click the Links Below to Learn More:

Contact HomeATM

Yahoo! Profit Plunges 78% in Q1 - BooHoo!

Source: CBR

Yahoo profit plunges 78% in weak Q1
Published:27-April-2009

By Datamonitor staff writer

Plans to cut its workforce by 5%

Yahoo has reported a 78% decline in net income at $118m for the first quarter 2009, compared to $537m in the year-ago quarter, on revenue down 13% at $1.6 billion. It said it plans to cut its workforce by 5% after profit was hit by currency rate fluctuations, the sale of Kelkoo, and lower revenue from broadband partnerships, voice-over IP services, and subscription music offerings.

During the quarter, operating income declined 17% to $101m, while diluted EPS fell 80% to $0.08, compared to $0.37 in the first quarter of 2008.

Marketing services revenue declined 12% to $1.38 billion, with owned and operated sites revenue decreasing 10% to $872m and affiliate sites revenue decreasing 16% to $511m. Fees revenue fell 20% to $197m. Geographically, US revenue declined 9% to $1.2 billion, while international revenue fell 23% to $392m.

Franklin Savings Bank Website Hit by Malware

Source: spamfighter
Complete item: http://www.spamfighter.com/News-12258-Malware-Compelled-Franklin-Savings-Bank-to-Shutdown-Website.htm

Description:
The Franklin Savings Bank (Farmington, USA), which shutdown its marketing site for the 2nd time in a week, put online customers at inconvenience. (See picture on left...we've got security AND convenience)

However, early detection proved helpful in preventing a malware from spreading.

On April 9, 2009, customers could not access the bank's site, as the bank took it offline following the malware's detection by their security mechanisms. The problem appeared again on April 15, 2009, resulting in another shutdown till the bank shifted site to some other Web host.

Presently, consumers attempting to visit Franklin Savings Bank's websites, www.franklinebranch.com, www.westernmountainfinancial.com and www.fsbme.com would find a warning that says these websites are not available because of system maintenance.

Tim Thompson, Senior Vice President, Franklin Savings Bank, said that the malware that attacked their web page in the 2nd week of April 2009 seemed to be spreading widely on the PC servers belonging to the web hosting firm, as reported by sunjournal on April 17, 2009.

Thompson further said that they blocked access to the page again so that the threat did not reach their clients. According to him, the bank was shifting to a new hosting firm and soon they would have a new page for its visitors.

Meanwhile, authorities stated that client data was safe as the affected website was not linked to the bank's operations. They also said that it was essential to know that the bank's marketing website was separate from the software for online banking and it did not have any link with customer information.

E-Secure-IT
https://www.e-secure-it.com

U.S. Online Sales Up

US Online Sales Up
Source: eMarketer
APRIL 27, 2009

In dark days, e-commerce shines.

Most US economic indicators were down in Q1 2009, but online sales were an exception.
According to a survey by Forrester Research and Shop.org, US online retail sales rose an average of 11% in the first three months of 2009.

Of the 80 companies studied, 58% saw online sales increases compared with the same quarter last year.

Looking further into the findings, 44% of the e-tailers reportedincreases of over 10%, 14% showed increases up to 10% and 13% reportedflat sales.

In the survey, about 70% of both consumer brand manufacturersand multichannel retailers reported online sales increases. However,Web-only merchants had a different situation. About six in 10 reportedWeb sales declines.

“It seems that consumer confidence is getting better,”Sucharita Mulpuru, a Forrester analyst, told Bloomberg News. “Hopefullythe worst is behind us.”

Looking ahead, Citi Investment Research projects that US retail e-commerce sales will grow 4.4% in 2009 to $141 billion—and jump to 16.5% growth in 2010.

Could happy days be here—at least online—again? Maybe not for Web-only retailers.

Federal Reserve Worker Steals Bank Information

- Banking / Finance News
Source: Finextra
Complete item: http://www.finextra.com/fullstory.asp?id=19965

Description:
A former IT worker at the Federal Reserve Bank of New York (FRB-NY) and his brother have been arrested for allegedly stealing the personal information of bank employees and using it to obtain loans.

Curtis Wiltshire worked as an information and technical analyst at the Federal Reserve Bank of New York in lower Manhattan, providing him with access to information about other employees, including names, dates of birth, social security numbers and photographs.

E-Secure-IT
https://www.e-secure-it.com

ATM Skimming 101

Banking/Finance - ATM / POS
Source: ABC News
Complete item: http://abcnews.go.com/Technology/Business/story?id=7434509&page=1

Description:
Sean Seibel thought it looked just like any other ATM -- at least at first.

Earlier this month, the 33-year-old Microsoft employee, who lives in New York City, stopped in the closest Chase bank to get some cash to pay his barber. But when he inserted his ATM (automatic teller machine) card in the machine, he noticed a bit of resistance.

The screen said the machine was unable to read his card. So he tried again. But a second time, the machine gave him an error message.

He was about to give up and try another machine, when a thought popped into his head. He had heard about devices that fraudsters attach to the outside of card readers on ATM machines and, though it seemed unlikely, wondered if that was the source of his problem.

"I'm looking at the thing and thinking this can't be - no way," he said. "There are all these stories and myths about it, but I actually found one in the wild."

With a combination of fear and exhilaration, he tried to pull on the green plastic surrounding the card slot and found that it peeled right off.

Three Skimmers Found in One Week

But that same week Nick McGlynn, a 26-year-old photographer, also spotted an ATM skimmer at a different Chase bank in New York City. He had just read about Seibel's experience on a technology blog, when he walked by a set of Chase ATMs that looked peculiar.

"From the window, I could see a mirror centered on one ATM but no mirror on another," he said.

E-Secure-IT
https://www.e-secure-it.com

HomeATM at FinovateStartup09 Tomorrow

After a fantastic week in Las Vegas at the ETA Show, we are scheduled to participate in FinovateStartup09 tomorrow. I depart Phoenix for San Francisco this morning to meet up with HomeATM CEO Ken Mages and COO, Mitch Cobrin who flew directly there from Las Vegas. It looks to be an exciting time and we look forward to meeting with several other providers of financial innovations whom were also invited to participate. We've got a filmed demo scheduled for this afternoon and then you can look for some sporadic coverage of FinovateStartUp09 during the course of the day tomorrow. For more information on FinovateStartup09, click the following link: www.finovate.com I've included a copy of our press release (below) announcing our participation which also provides more details about the event. Off to the airport!

HomeATM to Participate in FinovateStartup09

HomeATM has been invited to to discuss themerits of their innovative Internet PIN Debit Solution atFinovateStartup09, to be held in San Francisco on April 28th.

FOR IMMEDIATE RELEASE

PRLog (Press Release) – Apr 10, 2009 – Chicago: HomeATM is pleased to announce that itwill be participating at the FinovateStartup09 Conference, April 28, inSan Francisco, California. HomeATM CEO Ken Mages and COO Mitch Cobrin will be discussing thecompany's patented and PCI 2.0 Certifed Online PIN Debit Solution.

HomeATM engineered and now manufactures the World's First and OnlyPIN Entry Device designed specifically for eCommerce use. The PaymentCard Industry, which consists of representatives from Visa, MasterCard,American Express, Discover and JCB International, approved the devicelast month in a milestone event toward PIN Debit on the web becomingubiquitous. A majority of industry experts agree that a hardwareapproach towards PIN Debit for the web is the only way to secure andprotect valuable cardholder data from fraudsters.

"We are pleased to be able to demonstrate why a hardware approachto protecting cardholder data in a web based transaction is far moresecure than any other approach imaginable," said John B. Frank,HomeATM Executive Advisor. "Swiping one's card is not onlyexponentially more secure than typing in one's 14-16 digit PersonalAccount Number, but one could argue that it's also 14-16 times moreconvenient."

The HomeATM PIN device plugs into any USB port in milliseconds andis Plug and Play...there is no software or drivers that need to beinstalled.

"When a consumer swipes their card using HomeATM's SafeTPIN, itresults in a "Card Present" transaction, which is not only a moresecure way to process bank cards, but provides the merchant withsignificantly lower Interchange fees," Frank explained. "By incorporating a PIN Pad into their device, merchants enjoy a duallyauthenticated transaction, which provides them with "true" PIN DebitInterchange as well."

"The value we can provide internet merchants is enhanced with our recent PCI 2.0 Certification," continued Frank. "We can effectively remove the Internet Retailer from the scope of PCI DSS providing "instant compliance," which could potentially save them hundreds of thousands in costs associated with the compliance process"

HomeATM's PCI 2.0 Certified SafeTPIN was also designed to be usedas an authentication device, replacing easily hacked Username/Password:protocols curiously employed by financial institutions for onlinebanking. Swiping one's bank card and entering their PIN outside thebrowser space provides military grade encryption as it uses Triple DESand DUKPT key management protocols.

With the recent rash of breaches, it is important to provideconsumers and merchants with the most secure payment and authenticationmechanisms available. In the brick and mortar world, that mechanism isPIN Debit. HomeATM is poised to bring it to the other world...theworld wide web.

FinovateStartup is a spin-off of the New York City-based Finovateconference, the first demo-focused conference in financial technology.It is organized by Online Financial Innovations, a boutique bankingtechnology research firm based in Seattle, Washington.

Select companies will have seven minutes on stage for ademonstration of their best products or services. Some areas to becovered are: Person-to-person (P2P) lending, new marketing tools,better online financial security, mobile banking and payments, Web 2.0investing, personal finance, Online PIN Debit and next-generationonline banking platforms. FinovateStartup's debut last year had almost300 executives, entrepreneurs and industry experts in attendance.

In other news, HomeATM will also be at the ETA Meeting & ExpoApril 21-23 at the Mandalay Bay Resort & Casino in Las Vegas. Stopby and visit us at the FIS Booth #347 and get a FREE HomeATM PINDevice!

For more info please visit Fidelity National Information Services website: http://www.fismoreinfo.com/merchant/index.asp

About HomeATM:

HomeATM owns a global patent for secure Internet PIN basedtransactions. Leveraging our E2EE PCI 2.0 PED certified solution, amerchant or remitter can move funds from their bank account or openloop/closed loop payment card in real-time. Utilizing HomeATM'spatented solution with a bank issued card alleviates the burden formerchants to address fraud issues as HomeATM leverages the issuingbank's KYC/AML (Know Your Customer/Anti-Money Laundering) protocols. No other payment solution serves Person-to-Person, Business-to-Consumer, Business-to-Business,and Mobile Payments with the speed, security and cost-effectiveness ofHomeATM. HomeATM is EMV ready and already enjoys strategicrelationships with Cardinal Commerce and UATP.

For further information, visit: http://HomeATMBlog.com or contact John B. Frank, Executive Advisor, jfrank@HomeATM.net or 612.432.6980

About Fidelity National Information Services

Fidelity National Information Services (FIS) is the world'stop-ranked technology provider to the banking industry. With more than24,000 experts in 90 countries, FIS delivers the most comprehensiverange of solutions for the broadest range of financial markets, allwith a singular focus: helping you succeed. Every FIS solution has thestrength you need for profitability today, and the power to help youmanage whatever comes next.

Recently FIS entered into an agreement to acquire Metavante, a leadingprovider of banking and payment technologies to financial servicesfirms and businesses worldwide. Metavante is based in Milwaukee,Wisconsin, with more than 5,900 employees and 8,000 clients worldwide.The combined company will be headquartered in Jacksonville, Florida,and will provide one of the most comprehensive ranges of integratedproducts and services, across more markets and more geographies thanany other provider in the industry.

# # #

For more information visit: www.PINDebit.blogspot.com

To View the Official Press Release, click here

Google "Profiling" Facebook

Is Google Targeting Facebook for a Hit?

Editor's Note: Based on conversations I've had with several people, the general consensus is that Facebook is teetering on the brink of "has been" land. Or should I say "tweetering?" For example, they certainly could use a person to person payment platform, yet recently announced they have killed that idea. I don't know what they are waiting for. (Maybe for a couple of their 20 somethings to hit 30 and be a little smarter)) Problem is...I don't know if they have the luxury waiting...

Here's an article which flat out states that Facebook is being "profiled" and will be "faced" by Google.

Google has a "Facebook killer" on its hands. And, no, I'm not talking about Google's Orkut social network (unless you live in Brazil, where Orkut has already "killed" Facebook).

Google is just one acquisition away from offering a social network that does everything Facebook does, minus all the things everybody hates about Facebook.

This social network is called Google Profiles.

You can choose a "vanity URL" of sorts, meaning you can use your Gmail address as part of your Google Profiles URL. (The URL used to use a long string of numbers.) For example, my new URL is: www.google.com/profiles/mike.elgan

Looking at it now, you'd never guess that Google Profiles is the biggest potential threat to Facebook anywhere. But Profiles is still missing one crucial ingredient. (Editor's Note: Can you say: "Twitter"?)

Read the full story

facebook, google, profile

Google, Money Laundering and the Shell Game

Source: News
Complete item: http://www.news.com.au/dailytelegraph/story/0,22049,25375352-5015795,00.html

GLOBAL banking and tax laws are a joke, says an Australian university researcher who used Google and $10,000 to establish a series of shell corporations which could easily have been used by criminal organizations to launder money.

Professor Jason Sharman, from Queensland's Griffith Business School, set up shell corporations and bank accounts without any identification. A shell company serves as a means for conveyance for business transactions without necessarily having assets.

He found it was banks in the US and UK which were flouting the rules, not the smaller island tax havens. In one case, he said, a US provider in Wyoming offered to use their own employees' social security numbers as the tax identification number for a corporation.

Prof Sharman set out to see how difficult it was to violate recent global standards stopping anonymous participation in the international financial system. He emailed 45 corporate service providers across 22 countries soliciting offers to set up anonymous shell corporations - and 17 agreed.

Of these, 13 were from OECD countries, including seven in the United Kingdom, four in the United States, one in Spain, and one in Canada, and the remaining four from some of the 28 better known tax havens.

E-Secure-IT
https://www.e-secure-it.com

SONY LAUNCHES CONTACTLESS PAYMENTS TV REMOTE

SONY LAUNCHES CONTACTLESS PAYMENTS TV REMOTE

Sony has launched a television remote control with a built in contactless reader that can be used to pay for watching on-demand content.

More on this story: http://www.finextra.com/fullstory.asp?id=19966

or go to Engadget to see more: http://www.engadget.com/tag/felica/

Sunday, April 26, 2009

Cybercrime

By Ryan Blitstein - San Jose Mercury News

Somewhere in St. Petersburg, Russia’s second largest city, a tinystartup has struck Internet gold. Its dozen-odd employees are barelyold enough to recall the demise of the Soviet Union, but industryanalysts believe they’re raking in well over $100 million a year fromthe world’s largest banks, including Wells Fargo and Washington Mutual.

Their two-year rise might be the greatest success story of theformer Eastern Bloc’s high-tech boom — if only it weren’t so illegal.But the cash may be coming from your bank account, and they could beusing the computer in your den to commit their crimes.

The enigmatic company, which the security community has dubbed “RockPhish,” has rapidly grown into a giant of the Internet underground byperfecting a common form of Internet crime known as “phishing.” Thethieves capture people’s personal computers, then use them to sendphony e-mails that trick other users into revealing private financialinformation.

“Rock is the standard. They’re the Microsoft. Everyone else is a bitplayer,” said Jose Nazario, a researcher at security company ArborNetworks.

As big as Rock Phish has become, though, it is a sliver of a much larger problem.

During the past few years, a professional class bent on stealthyonline fraud has transformed Internet crime, rendering obsolete thehobbyist hackerswho sought fun and fame. These Al Capones of the information age arelike ghosts in our Web browsers, silently taking over our computers,stealing digital bits, and turning our data into cash. Take cyber-bite out of crime… Read the rest…

Editor's Note: Below are some of the more famous procerdures found lurking in the cybercriminal mind. When you realize that 93% of attacks target financial institutions, 92% target software applications and 90% are conducted by "organized crime" then add the fact that graphical user interfaces can be cloned, as can bank websites, the future of a software PIN debit application is behind the eight ball.

Vocabulary of cybercrime

Bot-herders: Those who control the armies of computers known as botnets.
Botnet: A “robot network,” or collection of zombie PCs, usually controlled by Internet crooks who have surreptitiously installed malware on people’s computers
DNS Hijacking: Users type in a website and unbeknowst to them, they are taken to a cloned site whereby they enter their private information which is then used at the genuine website to log-in. Usually targeted at financial institutions.
Drive-by download: A user visits a Web site containing malicious code that installs itself on the user’s PC.
The Bad GUI: A cloned Graphical User Interface which replicates the genuine and fools user's into entering their valuable financial information like PIN's or Username's and Passwords. (see picture on right and below left)
Keylogging: Software that records a user's keystrokes to steal passwords, usernames, credit card numbers, etc. (see picture below right)
Malware: Any computer software created with malicious intent.
Phishing: Sending e-mailsthat appear to come from a trusted entity (such as a bank or well-knowncompany) that trick people into giving up personal and financialinformation.
Spam: Unwanted e-mails sent to users to get them to buy something, take an action or reveal information.
Trojan: Malicious computer software disguised as a useful program that tricks users into opening or installing it.
Virus: Computer code that infects a file or program, then takes actions and spreads when the user opens that file or program.
Worm: A self-replicating computer program that transfers itself between PCs, often clogging the network as it spreads
Zombies: What makes your financial information the walking dead...here's more on Cybercrime from Symantec:

You hear a lot about cybercrime, but what exactly is it? The simple answer is, "It's complicated!"

Liketraditional crime, cybercrime can take many shapes and can occur nearlyanytime or anyplace. Criminals committing cybercrime use a number ofmethods, depending on their skill-set and their goal. This should notbe surprising: cybercrime is, after all, simply 'crime' with some sortof 'computer' or 'cyber' aspect.

The Council of Europe's Cybercrime Treaty uses the term'cybercrime' to refer to offenses ranging from criminal activityagainst data to content and copyright infringement [Krone, 2005].However, others [Zeviar-Geese, 1997-98] suggest that the definition isbroader, including activities such as fraud, unauthorized access, childpornography, and cyberstalking. The United Nations Manual on thePrevention and Control of Computer Related Crime includes fraud,forgery, and unauthorized access [United Nations, 1995] in itscybercrime definition.

As you can see from these definitions, cybercrime can cover avery wide range of attacks. Understanding this wide variation in typesof cybercrime is important as different types of cybercrime requiredifferent approaches to improving your computer safety.

Symantec draws from the many definitions of cybercrime and defines it concisely as any crime that is committed using a computer or network, or hardware device.The computer or device may be the agent of the crime, the facilitatorof the crime, or the target of the crime. The crime may take place onthe computer alone or in addition to other locations. The broad rangeof cybercrime can be better understood by dividing it into two overallcategories, defined for the purpose of this research as Type I and TypeII cybercrime.

Type I cybercrime has the following characteristics:

It is generally a single event from the perspective of the victim.For example, the victim unknowingly downloads a Trojan horse whichinstalls a keystroke logger on his or her machine. Alternatively, thevictim might receive an e-mail containing what claims to be a link toknown entity, but in reality is a link to a hostile website.
It is often facilitated by crimeware programs such as keystroke loggers, viruses, rootkits or Trojan horses.
Softwareflaws or vulnerabilities often provide the foothold for the attacker.For example, criminals controlling a website may take advantage of avulnerability in a Web browser to place a Trojan horse on the victim'scomputer.

Examples of this type of cybercrime include but are not limited to phishing, theft or manipulation of data or services via hacking or viruses, identity theft, and bank or e-commerce fraud.

Type II cybercrime, at the other end of the spectrum,includes, but is not limited to activities such as cyberstalking andharassment, child predation, extortion, blackmail, stock marketmanipulation, complex corporate espionage, and planning or carrying outterrorist activities. The characteristics of Type II cybercrime are:

It is generally an on-goingseries of events, involving repeated interactions with the target. Forexample, the target is contacted in a chat room by someone who, overtime, attempts to establish a relationship. Eventually, the criminalexploits the relationship to commit a crime. Or, members of a terroristcell or criminal organization may use hidden messages to communicate ina public forum to plan activities or discuss money launderinglocations, for example.
It is generally facilitated by programs that do notfit into under the classification crimeware. For example, conversationsmay take place using IM (instant messaging) clients or files may betransferred using FTP.

ATM Card Skimming & PIN Capturing Guide

Below is a link to a report titled "ATM Card Skimming and PIN capturing Awareness Guide". This document was put together by Commonwealth Bank in Australia. I've included four of the 20 slides, each of which you may click to enlarge.

Click Here to View the Entire Guide (PDF)

Here's the First of the four slides: