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Oh Lord, make the banks pay for cybercrime
,----[ Quote ]
| One of the more controversial recommendations being that there should be
| legislation "to establish the principle that banks be held responsible for
| losses incurred by electronic fraud."
`----
http://www.itwire.com/content/view/19319/1054/
That would mean that /everyone/ pays -- collectively -- for those 320 million
Windows zombie PCs.
Recent:
Practical Linux home security
,----[ Quote ]
| Indeed, some banks have even been looking into Linux Live CDs for their
| customers to use. In this circumstance, Internet banking users would boot
| their computer from the Linux CD and then perform their online banking within
| a Linux environment. If you already use Linux then this is not really
| necessary, but it is a testament to the perception of the security and safety
| Linux offers end users over Microsoft Windows.
`----
http://www.itwire.com/content/view/18411/1143/
Bots rule in cyberspace
,----[ Quote ]
| USA TODAY REPORTS that on an average day, 40 per cent of the 800 million
| computers connected to the Internet are bots used to send out spam, viruses
| and to mine for sensitive personal data.
`----
http://www.theinquirer.net/gb/inquirer/news/2008/03/17/bots-rule-cyberspace
http://www.usatoday.com/tech/news/computersecurity/2008-03-16-computer-botnets_N.htm
Security? - Don't Bank on It
,----[ Quote ]
| A useful article here dissecting what's wrong with the latest version of the
| UK Banking code...
|
| [...]
|
| Since GNU/Linux users tend not to run anti-virus programs, and don't use
| traditional firewalls: does that mean they're always liable?
`----
http://opendotdotdot.blogspot.com/2008/04/security-dont-bank-on-it.html
New banking code cracks down on out-of-date software
,----[ Quote ]
| The banking industry has re-affirmed a policy that makes online banking
| customers responsible for losses if they have out of date anti-virus or
| anti-phishing protection. New Banking Codes for consumers and businesses took
| effect on Monday.
`----
http://www.theregister.co.uk/2008/04/04/banking_code_2008/
Related:
Online banking fraud 'up 8,000%'
,----[ Quote ]
| The UK has seen an 8,000% increase in fake internet banking scams
| in the past two years, the government's financial watchdog has warned.
|
| The Financial Services Authority (FSA) told peers it was "very concerned"
| about the growth in "phishing".
`----
http://news.bbc.co.uk/1/hi/uk_politics/6177555.stm
Secure web browsing through Live Linux distros
,----[ Quote ]
| Banking isn't the be-all and end-all: there's many other reasons you'd
| want a secure system, separate from what's on the hard disk, besides
| Internet banking. Traveller's can't necessarily trust the integrity of
| a computer in an Internet cafe.
`----
http://www.itwire.com.au/content/view/13292/53/
NZ banks demand a peek at customer PCs in fraud cases
,----[ Quote ]
| The code also adds: "We reserve the right to request access to your computer
| or device in order to verify that you have taken all reasonable steps to
| protect your computer or device and safeguard your secure information in
| accordance with this code.
`----
http://www.computerworld.com/action/article.do?command=viewArticleBasic&articleId=9025780&intsrc=news_list
Linux FlyBuys into financial transactions
,----[ Quote ]
| Linux may be an operating system synonymous with a flightless
| bird, but Loyalty Pacific, the company behind popular retail
| loyalty and rewards program FlyBuys, has announced it will
| jet its infrastructure to open source software.
`----
http://www.linuxworld.com.au/index.php/id;668053298;fp;2;fpid;1
FNB [South African Bank] switches 12 000 desktops to Linux
,----[ Quote ]
| With 12 000 desktops switching to Linux this is very likely the
| most significant Linux and open source implementation in South
| Africa to date.
`----
http://www.tectonic.co.za/view.php?id=1562
Swedish bank hit by 'biggest ever' online heist
,----[ Quote ]
| Haxdoor typically installs keyloggers to record keystrokes, and
| hides itself using a rootkit. The payload of the .ki variant of
| the Trojan was activated when users attempted to log in to the
| Nordea online banking site. According to the bank, users were
| redirected to a false home page, where they entered important
| log-in information, including log-in numbers.
`----
http://news.zdnet.co.uk/security/0,1000000189,39285547,00.htm
In zombies we trust
,----[ Quote ]
| A little over a year ago, I wrote an editorial where in back-of-the-envelope
| style (.pdf) I estimated that perhaps 15-30% of all privately owned computers
| were no longer under the sole control of their owner. In the intervening
| months, I received a certain amount of hate mail but in those intervening
| months Vint Cert guessed 20-40%, Microsoft said 2/3rds, and IDC suggested
| 3/4ths. It is thus a conservative risk position to assume that any random
| counterparty stands a fair chance of being already compromised.
`----
http://blogs.zdnet.com/security/?p=661
Microsoft's 10Q Risk Factors Lists Conceivable Liability for Data Leaks
,----[ Quote ]
| Improper disclosure of personal data could result in liability and harm our
| reputation. We store and process significant amounts of personally
| identifiable information. It is possible that our security controls over
| personal data, our training of employees and vendors on data security, and
| other practices we follow may not prevent the improper disclosure of
| personally identifiable information. Such disclosure could harm our
| reputation and subject us to liability under laws that protect personal data,
| resulting in increased costs or loss of revenue. Our software products also
| enable our customers to store and process personal data. Perceptions that our
| products do not adequately protect the privacy of personal information could
| inhibit sales of our products.
`----
http://www.sec.gov/Archives/edgar/data/789019/000119312507225854/d10q.htm
Experts are calling for product liability for software
,----[ Quote ]
| "Product liability does not apply to software," Gerald Spindler
| of the Faculty of Law of the University of Göttingen complained.
| "But what if a whole company comes to a standstill due to faulty
| software?" he mused.
`----
http://www.heise.de/english/newsticker/news/86932/from/rss09
,----[ Quote ]
| Ah, from the horse's mouth: Microsoft just might be held legally
| responsible for selling software that is insecure.
`----
http://www.groklaw.net/article.php?story=2006112223522439
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