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Zappos breach: What not to do

by Schehrezade Davidson | Jan 16, 2012 | Banking, Cyberthieves, Phishing, Retail, Vulnerabilities

Zappos has remained tight-lipped about the nature of their data breach this week. As many as 24 million consumer accounts may have been accessed through an attack on their server in Kentucky. That is as detailed as they’re willing to go. Full credit card numbers...

1024-bit RSA encryption cracked by carefully starving CPU of electricity

by Schehrezade Davidson | Mar 9, 2010 | Banking, Phishing, Vulnerabilities

Several researchers the University of Michigan have succeeded in cracking  the RSA security technology which protects all ecommerce and online banking transactions. The university scientists found that they could deduce tiny pieces of a private key by injecting slight...

First Direct serves up more than just no-fee banking

by Schehrezade Davidson | Mar 1, 2010 | Banking, Cyberthieves, Phishing

First Direct bank in the UK has been the first British bank to embrace Twitter. Does that really surprise anyone? As a 100% online bank, they’ve maintained a business pace a few clicks ahead of competitors in online services. But last weekend their clients and...

Security, Perceived Security, and Economics

by Schehrezade Davidson | Jan 30, 2010 | Banking, Retail

The good folks over at Credit Card Processing Gist posted an article yesterday naming the flaws of Verififed By Visa and MasterCard’s Secure Code. Flawed technology and poor design meet good economics – telling us that price is the trump card when it comes...

3 reasons online banking is safer than paper

by Schehrezade Davidson | Jan 27, 2010 | Banking, Phishing

We read stories about phishing and data breaches and we get worried. Some of us start thinking that maybe we’re better off (security-wise) with paper-based banking. Sending checks, receiving statements in the mail, paying bills the old fashioned way –...

More online users know about phishing, while number of victims is up by 600%

by Schehrezade Davidson | Jan 22, 2010 | Banking, Phishing, Trends, Usability

Two studies show that young people are more likely to be victims of online fraud.  You’d think that since most of them have not experienced a world without Internet and email, they’d be more knowledgeable about phishing and other schemes.  But the insurance group CPP...
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