Archives by Tag 'Online Banking'

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 […]

Apple iPhone 5 launched with 4G capability

By Dyenamic Solitions - Last updated: Thursday, September 13, 2012

Apple has launched a new iPhone 5 smartphone which is 4G enabled at an event in San Francisco.The device’s new size allows it to display an extra row of app icons on its home screen. The firm said it was 18% thinner and 20% lighter than the iPhone 4S. However, it does not feature an […]

We are all geeks now

By Dyenamic Solitions - Last updated: Friday, August 3, 2012

The news that the Knight Capital Group has lost £283 million ($440 million) in just a few hours on Wednesday due to malfunctioning computer trading software is a non too subtle reminder that whether we like to admit it or not we are all ruled by technology- and we are all geeks now.The use of […]

Inexperienced Indian tech operative’s blunder led to RBS banking meltdown

By Dyenamic Solitions - Last updated: Friday, June 29, 2012

A serious error committed by an “inexperienced operative” caused the IT meltdown which crippled the RBS banks last week, a source familiar with the matter has told The Register.Job adverts show that at least some of the team responsible for the blunder were recruited earlier this year in India following IT job cuts at RBS […]

Nat West computer glitch- a disaster waiting to happen

By Dyenamic Solitions - Last updated: Monday, June 25, 2012

The STILL ongoing computer “glitch” was an attempt by the RBS bank to save money by sacking skilled UK staff and offshoring to fewer, cheaper, unskilled people in India.Scanning through comments on the Observer- Money- Your questions answered, I found this observation and various other comments appear to validate this information: http://www.guardian.co.uk/money/2012/jun/22/natwest-questions-answered By  cantankerousblogger posted […]

Royal Bank of Scotland customers still suffering after Wednesday’s computer breakdown.

By Dyenamic Solitions - Last updated: Friday, June 22, 2012

Up to 12 million Royal Bank of Scotland, Natwest and Ulster bank customers were left unable to withdraw cash, pay bills or move money yesterday after a computer glitch froze their bank accounts on Wednesday night.The banks- which Labour nationalised are part of the taxpayer-owned RBS Group, said that “technical issues” with its computers meant […]