 Web security research gurus with the Santa Clara, Calif.-based Web application security firm Cenzic uncovered their findings at RSA from data collected during the second half of 2009. Though CIOs are constantly struggling to get their development teams spinning up new business-enabling Web applications as quickly as possible, leaders would do well to take a lesson from the disconcerting trends laid out in Cenzic's most recent report. The vast majority of proprietary web applications developed in house contain some sort of vulnerability or another, as seen by scans of customer applications conducted through the company's managed services. The following nine types of vulnerabilities are the most common found through Cenzic's scans of customer Web apps.
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Wednesday, March 10, 2010
9 Ways Web Apps Woo Hackers
Bank of America to Drop Debit Card Overdraft Fees
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| Graphic from of NY Times |
Bank of America Corp. reportedly plans to announce Wednesday that it is eliminating $35 overdraft fees on debit card purchases as the bank tries to stay ahead of a sweeping round of regulations. Read More >>
How the iPhone Provided a Catalyst for the Payments Industry
In the latest edition of a special blog series on "Invisible Engines," industry expert David S. Evans explains how Apple's iPhone potently demonstrates how software platforms will drive payments innovation and revolutionize the payments business.
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Hawkins Strategic Announces Retail 3.0 Virtual Conference & Expo
The Retail 3.0 Virtual Conference & Expo will bring together a comprehensive view of the next generation of retailing. The online conference will feature real-world case studies highlighting next generation strategies leading retailers are deploying to: engage with customers on new platforms such as mobile and social media; raise customer service levels and provide a consistent customer experience across channels; increase operational efficiency of associates and inventory; enhance collaboration across retailers and suppliers; drive revenue in-store and across direct channels with new and improved touch points; and, measure engagement and conversions both in-store and via direct channels.
The Virtual Expo and 10-Minute Digital Demos will provide a holistic model for building out a next generation retail ecosystem, featuring the latest innovations in digital marketing, in-store media, checkout/payment, CRM/loyalty, workforce management, cross channel commerce, and the networking solutions that enable advancement in wireless and mobility across the enterprise.
Addressing retailer’s growing interest in eco-friendly business practices and limited time to travel to physical events, the Retail 3.0 Conference will provide the next generation platform for networking with peers and solution providers. The Unisfair virtual event environment is intuitive, easy to navigate and does not require users to switch applications or click through multiple pop-ups. The platform provides easy to access data on peers attending, matchmaking capabilities and integration with popular social media networks such as Twitter.
The Unisfair environment also removes physical boundaries, allowing retailers from around the globe to review next generation solutions and share challenges and successes with retailers from around the world. As you build plans and strategies to transform your business with next generation strategies and solutions, start out by transforming the way you network by participating in a next generation event.
Hawkins Strategic’s Retail 3.0™ concept has received widespread coverage in industry press, and its latest paper installment, The Retail 3.0™ Organization, may be found here. To register for this event and learn about Retail 3.0™ from Gary Hawkins himself, visit www.nextgenretail.com.
About Hawkins Strategic: Hawkins Strategic is leading the genesis of Retail 3.0™, a new industry ecosystem driven by relevant marketing to the individual shopper, supported by realtime marketing and supply chain synergies, and built on the foundation of shopper-identified transaction data. From launching one of the first loyalty programs in the U.S., to advising some of the world’s largest and most progressive retailers and manufacturers; from founding the world’s first truly personalized retail communication platform, to partnering with world-class enabling technologies; Hawkins Strategic is ideally and uniquely positioned to move the industry to this next level through thought leadership, strategic guidance, value creation, and its Center for Advanced Retail Technology.
About Retail TouchPoints: Our mission at Retail TouchPoints is simply to provide executives in customer-facing roles with relevant, insightful content across a variety of digital mediums. By providing content in formats that are easy to access and share with peers, our goal is to create a platform that connects retail executives together with peers and solution providers who have unique knowledge into specialized areas of customer service, customer experience and marketing measurement.
For more information:
Online Banking and Phishing Attacks Record Double Digit Growth in UK
The two organizations reported a year-on-year increase in online banking losses to £59.7m in 2009, while phishing attacks rose by 16 per cent to reach over 51,000 during the period.
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More on FDIC's Online Banking Report
Computer World ran a story yesterday on the FDIC's recent disclosure that online banking fraud involving the electronic transfer of funds rose to a whopping $120 million in Q3 2009.
Why not authenticate an internet based "electronic transfer of funds" the same trusted way they are conducted "outside the browser space." With hardware. With encryption. With security. With the only PCI 2.0 Certified PIN Entry Device designed for online banking and the electronic transfer of funds.
Why not authenticate an internet based "electronic transfer of funds" the same trusted way they are conducted "outside the browser space." With hardware. With encryption. With security. With the only PCI 2.0 Certified PIN Entry Device designed for online banking and the electronic transfer of funds.
Nationwide, computer scams targeting small businesses cost companies $25 million in the third quarter of 2009, according to new research from the U.S. Federal Deposit Insurance Corporation. What's worse, online banking fraud involving the electronic transfer of funds rose to over $120 million in the third quarter of 2009 -- a number that has steadily been rising since 2007, according to the FDIC.
The FDIC bases its estimates on a variety of confidential reports that it receives from financial institutions, according to David Nelson, an examination specialist with the FDIC. The vast majority of the hacking incidents "related to malware on online banking customers' PCs," according to Nelson. Victims are typically tricked into visiting malicious Web sites, or downloading Trojan horse programs, which gives hackers access to their banking passwords. Money is then transferred out of their accounts using the Automated Clearing House system, which banks use to process payments between institutions.
Read the whole story at Computer World .
The Bancorp Bank Teams Up with EPS Financial and Drake Software
Tax preparation customers of Drake Software can now utilize flexible and innovative systems provided by EPS Financial to enable electronic payment of their tax refunds. Taxpayers may choose from several options to receive their Federal and/or State refund using EPS’ new program known as e-Collect™. Options available to a taxpayer include receiving a fully reloadable personal use E1 Visa® Prepaid Card, receiving an ACH transfer, or returning to the tax preparer’s office to receive a check immediately after the refund has been processed. The E1 Visa Prepaid Card, issued by The Bancorp Bank, can be used anywhere that Visa debit cards are accepted and at thousands of ATMs worldwide. Cardholders are able to use their cards year round and reload their cards via participating load networks and direct deposit.
“Tax professionals nationwide are looking for the tools they need to build successful tax preparation businesses. Our e-Collect™ refund processing program, which includes the E1 Prepaid Card, enhances the user experience by offering multiple ways to receive tax refund proceeds, which offers greater flexibility to the refund recipient and the tax preparer. In these changing times in the tax industry it is important to provide flexible and sensible banking solutions," says Clark Gill, President of EPS Financial.
“We are delighted to announce this partnership with EPS Financial and Drake Software as it is consistent with our commitment of developing innovative products to meet changing payment needs. Our goal is to simplify payment processes and EPS Financial has created a refund processing infrastructure that is unique to the industry and can assist tax preparers and taxpayers by providing solutions that will improve the tax preparation experience,” says Jeremy Kuiper, Managing Director – The Bancorp Payment Solutions Group.
For more information regarding The Bancorp Bank’s prepaid card payment solutions, please contact Lindsey Frank at lfrank@thebancorp.com or
952.449.6014
. The E1 Visa Prepaid Card is issued by The Bancorp Bank pursuant to a license from Visa U.S.A. Inc. The Bancorp Bank; Member FDIC.
About EPS Financial, Inc.
EPS Financial, LLC provides refund processing solutions to the tax industry as well as prepaid card program management services. Founded in 2009, EPS has quickly established itself as a leading-edge service provider for the tax industry. The EPS system architecture combines a number of services and customer options onto one platform which provides a one stop fully integrated system to innovate and lead the industry. For more information, please visit www.epsfinancial.net.
About Drake Software
For over 33 years, Drake Software has provided tax preparers the tools they need to build their business and attract new clients. Today, over 30,000 customers use Drake Software. Drake delivered over 15 million federal and state accepted returns last year. The company continues to meet its goals of customer satisfaction and product improvement by encouraging open customer feedback, listening closely to evaluations from industry authorities, and backing the product with a knowledgeable and innovative programming and support team. For more information, visit DrakeSoftware.com, or call
800.890.9500. About The Bancorp Bank Payment Solutions Group
The Payment Solutions Group is a division of The Bancorp Bank (“Bancorp”), a wholly owned subsidiary of The Bancorp, Inc. (Nasdaq: TBBK), and is a leading issuer of network branded prepaid cards. It has consistently delivered outstanding results for its program partners. Long-standing relationships with card associations and industry leading networks and processors are the key to the organization’s success. For more information about The Bancorp Bank Payment Solutions Group visit www.thebancorp.com or contact Lindsey Frank at lfrank@thebancorp.com at
952.449.6014.
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