Posted on 06 July 2011 by
Several weeks of harsh headlines explaining the tough battle of customers versus bank lawsuits and cybercrime.
In early June, a court in Maine ruled in favor of Ocean Bank in an ACH fraud lawsuit, stating that, “having verified IDs, passwords and requested challenge response questions, it acted in good faith by processing the ACH payments and Patco (the customer) was to blame for letting its details become compromised.” Recently, however, it appears that the opposite has occurred, when a ruling from a Texan judge favored the business which had been the victim of fraud.
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In two consecutive weeks we saw headlines made by customer versus bank lawsuits relating to cybercrime. One judge ruled that questions and answers were good enough to protect the customer. Then, a separate judge rules that the bank should have detected a mere 100 wire transfers from an account after IDs, passwords, and its OTP token password were compromised. Who was right?
Posted on 12 September 2011 by
Mobile phones are fast moving beyond communications, beyond gaming, social and productivity tools, to take on a vast number of new applications thanks to the use of NFC-based technology and data services. We’re theoretically able to unlock hotel rooms, pay for groceries, secure deals with location-based vouchers and work on the go. We can do […]
Posted on 18 February 2013 by
Take a minute and cast your mind back to science fiction films of the 80s and 90s – Terminator or Demolition Man perhaps. People could use biometrics to gain access to computers, scan others’ minds to see what they were thinking, and so on. Based on these futuristic predictions, who would have thought, in the […]
Posted on 10 May 2013 by
Do you work from your mobile device? It’s true that with mobile devices becoming ubiquitous and Bring-Your-Own-Device (BYOD) a trend that is here to stay, corporate and government employees are increasingly eager to use their mobile devices to stay productive at work and on the road. This doesn’t come without its issues – mobile devices […]
Posted on 04 June 2013 by
On this blog we often write about NFC technology, mobile payments and the latest technologies using smartphones and digital security to empower our everyday lives. A lot of the time, these innovations and technological advances relate to more developed regions, whether North America, Europe, the Middle East or Asian countries such as South Korea and […]