Archives by Tag 'Payment Systems'

New number spoofing scam warning by fraudsters

By Dyenamic Solitions - Last updated: Thursday, October 30, 2014

A new smartphone scam – known as number spoofing – is getting millions of pounds for fraudsters consumers are being warned. Financial Fraud Action UK (FFA UK) said the scam has become increasingly common in recent weeks. Typically criminals fool people into thinking they are talking to their bank, or the police, on the phone. […]

Hackers are hunting for clues about you- the Comment Group

By Dyenamic Solitions - Last updated: Monday, February 18, 2013

When US security experts started looking into some of the highest profile hacks in recent years – one particular criminal group kept on coming to their attention.The Comment Group, which industry insiders say is based in China, offer hacking for hire – be it for individuals, corporations or governments. It got its name from what […]

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 […]

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 […]

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: By  cantankerousblogger posted […]