By John Dancu
PlainsCapital bank in Lubbock, Texas is suing its customer, Hillary Machinery Inc., who was hit by a $800,000 cybertheft incident involving unauthorized wire transfers to accounts in Romania and Italy last November.
While the bank later recovered $600k, the customer demanded the bank repay the other $200k claiming the theft happened because the bank’s [...]
One of the biggest misconceptions we are constantly addressing is the confusion between shared secret questions and dynamic knowledge based authentication questions. And this week’s IEEE Symposium on Security and Privacy isn’t helping to clear up the confusion since Microsoft and Carnegie Mellon University are showing that the secret questions used to secure the [...]
I’m back from the RSA conference and how exhausting. Understandable considering there were 17,000 people at the show—all focused on the security industry.
In case you didn’t see it, we made an announcement during RSA about our partnership with Upek, a biometrics company based in the Bay area. What I find exciting about this partnership is [...]
So I came across some interesting commentary in the blogsphere regarding verification services sparked by Jessica’s article I blogged about in my last entry (which you can now read a version of in The Charlotte Observer). In the article, Jessica describes the verification chain (which I must point out is only a brief snapshot [...]
