IBM: 17% of attacks on banks involve insiders


This from an IBM report on security threats to Financial Services companies. It was just released yet dated Nov 2014, but based on 2013 data.  Its more of an IBM sales tool, but this graph caught my attention.   17% of attacks on Banks involve insiders.  Thats almost 1 in 5.  If correct this is a staggering statistic, and imortantly not one that encryption or password strategies will necessarily solve. Continue reading IBM: 17% of attacks on banks involve insiders

Unix & Linux could pull a HAL 9000 on June 30th ‘Leap Second”


The reference is to HAL 9000, the fictional onboard computer in Stanley Kubrick’s 2001: A Space Odyssey, which loses its mind after it is programmed to lie. The International Telecommunications Union, otherwise known as the ‘Time Lords’ (Wired) will be meeting later this year to determine whether to continue with the Leap Second.  There have been 26 Leap Seconds since 1970. The pic shows some Japanese watching the Leap Second being added July 1st, 2012. The problem lies that while adding the second is easy, Unix based systems believe a day is comprised of 86,400 seconds. A day is unchangeable, so what … Continue reading Unix & Linux could pull a HAL 9000 on June 30th ‘Leap Second”

The shift in cyberattacks to brute force logins – Akamai


The Akamai State of the Internet report for Q3-2014 is out here.  The paragraph on to top ports being attacked leapt out at me.  In 2014 there has been a shift towards ports that highlight attack volume is aimed at business. Akamai who have shifted their business model to on of defence against large scale attacks such as DDoS are well placed to know.  Something for banks to know and be certain the attacks they will face are bound to increase. 1.2 Attack Traffic, Top Ports / … The significant decline in the volume of attacks targetingWeb-associated ports, coupled with … Continue reading The shift in cyberattacks to brute force logins – Akamai

Mercedes made a statement at CES with the F015 driverless concept car


CES has opened.  This is a conference that some have taken to describing as closer to a World Fair than the original mobile conference that it was. This Mercedes concept car is cool, and the link provides more pics and description of the concepts, some of which could apply to normal cars including LED messages to following cars. mercedes-benz.com Continue reading Mercedes made a statement at CES with the F015 driverless concept car

New Year 2015 blog post – visible trends in financial services


I have long given up on predictions for banking.  The evolution of financial services has been nothing like as expected over the 19 year history since online banking began.  So here is a rather loose collection of observable trends that directly or indirectly impact banks, most strengthenining banks’ positions and some requiring adjustment.  the myth that is dis-aggregation of financial services as large banks move to become financial utilities the myth that is PFM is becoming fully exposed the near future of Banking as a business model Discussion: what is a bank? Banks do two things; they hold depositors money and they … Continue reading New Year 2015 blog post – visible trends in financial services

Thoughts on the VentureBeat 2015 predictions


Venturebeat along with everyone else has its 2015 predictions out and two of their top five caught my attention.   web design using cards super contextual web Card Design Something that tech sites began using a couple of years ago, and banks in Canada are beginning to pick up with BMO leading, and RBC to a certain extent.  Of course industry leader mbank in Poland lead the way in a super simple clear and bright card based interface. Bank sites, epecially full service banks, have way too much information to house on a home page.  It is essential to place … Continue reading Thoughts on the VentureBeat 2015 predictions

Brazil – a country racked by white elephant projects


Its that time of year when reviews are everywhere. This NY Times piece on Brazil is no surprise but shocking nonetheless. As the ‘B’ in brics (Brazil, Russia, India, China and South Africa) Brazil is least deserving to be part of the group, with Russia doing its best to hang on too. The transportation systems that will never be completed, and white elephant stadiums that will absolutely be empty after the World Cup in June make Brazil look more like Detroit relatively. “The fiascos are multiplying, revealing disarray that is regrettably systemic,” said Gil Castello Branco, director of Contas Abertas, … Continue reading Brazil – a country racked by white elephant projects

Just how easy is it to close down a country’s internet – reprise


I asked this question just over a year ago. What had caught my attention was a post from Renesys indicating the single points of failure in the internet connections to Sudan. Earlier Estonia, a highly sophisticated user of internet had been shut down, including banks, in what was suspected as a Russian attack. Now we see North Korea undergoing a sustained attack that is significantly degrading the North Korean internet. The comments from State Department and others are very cautious, and almost denying US involvement, with exception of Dutch Ruppersberger who is probably the wrong guy for the House Permanent … Continue reading Just how easy is it to close down a country’s internet – reprise

The implications of weak western reaction to online terrorism from North Korea loom large


Why does threat from N. Korea produce appeasement, while threats from Islamic terrorists produce resilience? My take wapo.st/1sF5Bbg Freed Zakaria asks a deep question here. For years I and millions of others have observed the development of internet, debated privacy and security. We have generally promoted the openness of internet and the advancement that brings to society as a good thing that might even make some shortcuts acceptable. But the news tonight is conformed that the NSA and others have validated North Korea, a country, actively sought out Sony admins and gained access to the Sony network. This allowed them … Continue reading The implications of weak western reaction to online terrorism from North Korea loom large