EMV Won’t Stop Fraud – But So What?

Much ink has been spilled over the recent major data breaches, in particular Target. I’ve commented on it here and here, and been engaged in lengthy conversations over the implications and costs associated with these breaches. I won’t repeat what I’ve previously said here, I want to take a different look at the challenge. A number of folks have suggested that converting to EMV...

Read More

Is Check Fraud Over? Nope.

Over on sister site Financial Crime Partners we have a post about the impacts of check fraud which just isn’t going away in the US. In this example, a single major check kiting scheme dramatically impacted the bank’s bottom line, and surely challenged the accounting team to address the implications. Have a look at the post on how significant check fraud can still...

Read More

Who Are You? The Mutual Authentication Dilemma

I wrote an article on our sister site Financial Crime Partners regarding the challenge of banks authenticating themselves to customers. Here is except: So, while it is perfectly reasonable for me to expect I’ve reached the bank if I’ve phoned the number of the bank of my card – it is not reasonable for me to believe it is the bank when receiving a call – just as it perfectly reasonable for the...

Read More

What’s So Funny About Two Factor Authentication?

What’s So Funny About Two Factor Authentication?

Apologies to Elvis Costello. There has been a lot of buzz lately about organizations implementing two factor authentication (known as 2FA). In recent months organizations such as Twitter, Facebook, Evernote and many, many others have added 2FA capabilities to their sign on process. So, what is this all about, and how well does it work? What is 2FA? First, what is 2FA? It is the notion of taking...

Read More

Urgent or Important?

I’ve been thinking a lot about whether things are really important, or just urgent. There are lots and lots of urgent things to be done – but a lot of them aren’t all that important, they won’t move the needle that much. The important things, they are often not as urgent, or at least don’t appear so. They might not have a deadline, they require thought and...

Read More