Archive for 'Payment Systems' Category

Blockchain bandits hit crypto start-ups

By Dyenamic Solitions - Last updated: Wednesday, November 16, 2016

There is a growing interest by hackers in fledgling firms seeking to build businesses around blockchains and digital currencies. That is troubling given the current fever of interest in the blockchain. Many see it as the element of the Bitcoin crypto-currency that will have lasting influence. Visa has announced plans to launch a blockchain payments […]

$10 router blamed in Bangladesh bank hack

By Dyenamic Solitions - Last updated: Sunday, October 16, 2016

Hackers managed to steal £56 million from Bangladesh’s central bank because it skimped on network hardware and security software. The bank had no firewall and used second hand routers that cost $10 to connect to global financial networks. Better security and hardware would have hampered the attackers, Reuters said, quoting an official investigator. The hackers […]

Electronic betting machines- the crack cocaine of the gambling industry

By Dyenamic Solitions - Last updated: Friday, February 15, 2013

Gamblers in Wales alone have spent more than £1.5 billion on electronic betting machines found in bookmakers and casinos last year according to new research.It is the equivalent of £650 a year for every adult in Wales who gambled on fixed odds casino games machines. However estimates show that gamblers in England stake even more […]

Have chip and pin cards had their day?

By Dyenamic Solitions - Last updated: Friday, January 25, 2013

The search for a fraudproof credit card system means that the days of chip and pin cards- which we were told were fraudproof- may be nearing their sunset.The solution may be your in finger- as the pattern of veins inside your finger is said to be more distinctive than your fingerprint, and is being heralded […]

America is main source of EU credit card fraud according to Europol

By Dyenamic Solitions - Last updated: Wednesday, January 9, 2013

Data breaches from America account for most of the credit card fraud affecting the EU according to the Europol police report.Criminal gangs are making about £1.2 billion (1.5 billion euros, $2 billion) annually from such fraud, the EU police agency Europol says, regretting that compliance with new security features remains patchy. Whilst many people think […]

Internet account passwords- UK users need 22

By Dyenamic Solitions - Last updated: Monday, December 17, 2012

UK Internet users have an average of 22 password protected accounts, according to a survey.But many people put themselves at risk of theft by using the same login details for different accounts. Three quarters of those asked used the same password for more than one account and nearly a third never changed them, the survey […]

Google’s boss is proud of tax avoidance

By Dyenamic Solitions - Last updated: Wednesday, December 12, 2012

Google’s tax avoidance is called ‘capitalism’- says chairman Eric Schmidt.Google chairman Eric Schmidt has insisted that he is “very proud” of the company’s tax structure, and said that measures to lower its payments were just “capitalism”. Mr Schmidt’s comments risk inflaming the row over the amount of tax multinationals pay, after it emerged that Google […]

Blackberry launches free wi-fi calls

By Dyenamic Solitions - Last updated: Friday, November 16, 2012

Blackberry has become the latest smartphone company to offer free wi-fi calls to users via its own software.Research In Motion (RIM) has added the facility to its Blackberry Messenger (BBM) app, which already offered an alternative to text messages. However, BBM Voice will only work if both caller and recipient are using the program. It […]

GCHQ recruiting Generation Xbox for spy jobs

By Dyenamic Solitions - Last updated: Wednesday, October 31, 2012

Up to 100 members of “Generation Xbox” will be offered a career by GCHQ security services under a scheme announced by Foreign Secretary William Hague.The recruitment drive was aimed at “the young innovators of this generation who will help keep our country safe in years to come”, Mr Hague said. The 18 year olds will […]

Chip and pin credit card weakness exposed by Cambridge researchers

By Dyenamic Solitions - Last updated: Monday, September 17, 2012

Chip and pin credit card payment machines could effectively be cloned by exploiting a security flaw claim researchers.Credit cards were found to be open to a form of cloning, despite past assurances from banks that chip and pin could not be compromised. Poor implementation of cryptography methods were behind the flaw, researchers said. They accused […]