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BBC News - NatWest online services hit by cyber attack - 0 views

  • ails safe On Friday, a number of customers reported problems getting on to the bank's website, from which they normally access their accounts online. The RBS Group - which includes RBS, NatWest and Ulster Bank - said that NatWest was worst affected by the "deliberate" disruption. "Due to a surge in internet traffic deliberately directed at the NatWest website, customers experienced difficulties accessing some of our customer websites today," a spokeswoman for RBS said. "This deliberate surge of traffic is commonly known as a distributed denial of service (DDoS) attack. We have taken the appropriate action to restore the affected websites. At no time was there any risk to customers. We apologise for the inconvenience caused." She stressed that the latest incident was not connected to Monday's IT failure and no customer information was compromised at any time. The incident on Monday also affected cash machines and card payments and prompted an apology from the boss of the RBS group, Ross McEwan. More on This Story Big Banking Latest news EU fines banks over rate-rigging We've kept businesses alive - RBS Cable hands RBS file to watchdog Parties row over Co-op 'smears' JP Morgan in record $13bn settlement Police search home of Paul Flowers Barclays plans to cut 1,700 jobs $render("hyper-related-assets","group-title-1"); Basics Funding for Lending: How does it work? Q&A: Standard Chartered allegations HSBC report: Key findings Q&A: Basel rules on bank capital $render("hyper-related-assets","group-title-2"); Guides and analysis Shock: A banker can live on £1m salary RBS's new boss, Ross McEwan, will not receive any bonus for his first 15 months in the job, and won't pocket any bonus payments till at least 2017. When will banking ever change? Q&A: Banker bonus cap plan What has changed since the crisis? Explaining the Libor scandal Timeline: Libor-fixing scandal $render("hyper-related-assets","group-title-6");
  • Details safe On Friday, a number of customers reported problems getting on to the bank's website, from which they normally access their accounts online. The RBS Group - which includes RBS, NatWest and Ulster Bank - said that NatWest was worst affected by the "deliberate" disruption. "Due to a surge in internet traffic deliberately directed at the NatWest website, customers experienced difficulties accessing some of our customer websites today," a spokeswoman for RBS said. "This deliberate surge of traffic is commonly known as a distributed denial of service (DDoS) attack. We have taken the appropriate action to restore the affected websites. At no time was there any risk to customers. We apologise for the inconvenience caused." She stressed that the latest incident was not connected to Monday's IT failure and no customer information was compromised at any time. The incident on Monday also affected cash machines and card payments and prompted an apology from the boss of the RBS group, Ross McEwan. More on This Story Big Banking Latest news EU fines banks over rate-rigging We've kept businesses alive - RBS Cable hands RBS file to watchdog Parties row over Co-op 'smears' JP Morgan in record $13bn settlement Police search home of Paul Flowers Barclays plans to cut 1,700 jobs $render("hyper-related-assets","group-title-1"); Basics Funding for Lending: How does it work? Q&A: Standard Chartered allegations HSBC report: Key findings Q&A: Basel rules on bank capital $render("hyper-related-assets","group-title-2"); Guides and analysis Shock: A banker can live on £1m salary RBS's new boss, Ross McEwan, will not receive any bonus for his first 15 months in the job, and won't pocket any bonus payments till at least 2017. When will banking ever change? Q&A: Banker bonus cap plan What has changed since the crisis? Explaining the Libor scandal Timeline: Libor-fixing scandal $render("hyper-related-assets","group-title-6"); hyper-depth-st
  • 's website, from which they normally access their accounts online. The RBS Group - which includes RBS, NatWest and Ulster Bank - said that NatWest was worst affected by the "deliberate" disruption. "Due to a surge in internet traffic deliberately directed at the NatWest website, customers experienced difficulties accessing some of our customer websites today," a spokeswoman for RBS said. "This deliberate surge of traffic is commonly known as a distributed denial of service (DDoS) attack. We have taken the appropriate action to restore the affected websites. At no time was there any risk to customers. We apologise for the inconvenience caused." She stressed that the latest incident was not connected to Monday's IT failure and no customer information was compromised at any time. The incident on Monday also affected cash machines and card payments and prompted an apology from the boss of the RBS group, Ross McEwan. More on This Story Big Banking Latest news EU fines banks over rate-rigging We've kept businesses alive - RBS Cable hands RBS file to watchdog Parties row over Co-op 'smears' JP Morgan in record $13bn settlement Police search home of Paul Flowers Barclays plans to cut 1,700 jobs $render("hyper-related-assets","group-title-1"); Basics Funding for Lending: How does it work? Q&A: Standard Chartered allegations HSBC report: Key findings Q&A: Basel rules on bank capital $render("hyper-related-assets","group-title-2"); Guides and analysis Shock: A banker can live on £1m salary RBS's new boss, Ross McEwan, will not receive any bonus for his first 15 months in the job, and won't pocket any bonus payments till at least 2017. When will banking ever change? Q&A: Banker bonus cap plan What has changed since the crisis? Explaining the Libor scandal Timeline: Libor-fixing scandal $render("hyper-related-assets","group-title-6"); Your Savings
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  • and cash machines. Details safe On Friday, a number of customers reported problems getting on to the bank's website, from which they normally access their accounts online. The RBS Group - which includes RBS, NatWest and Ulster Bank - said that NatWest was worst affected by the "deliberate" disruption. "Due to a surge in internet traffic deliberately directed at the NatWest website, customers experienced difficulties accessing some of our customer websites today," a spokeswoman for RBS said. "This deliberate surge of traffic is commonly known as a distributed denial of service (DDoS) attack. We have taken the appropriate action to restore the affected websites. At no time was there any risk to customers. We apologise for the inconvenience caused." She stressed that the latest incident was not connected to Monday's IT failure and no customer information was compromised at any time. The incident on Monday also affected cash machines and card payments and prompted an apology from the boss of the RBS group, Ross McEwan. More on This Story Big Banking Latest news EU fines banks over rate-rigging We've kept businesses alive - RBS Cable hands RBS file to watchdog Parties row over Co-op 'smears' JP Morgan in record $13bn settlement Police search home of Paul Flowers Barclays plans to cut 1,700 jobs $render("hyper-related-assets","group-title-1"); Basics Funding for Lending: How does it work? Q&amp;A: Standard Chartered allegations HSBC report: Key findings Q&amp;A: Basel rules on bank capital $render("hyper-related-assets","group-title-2"); Guides and analysis Shock: A banker can live on £1m salary RBS's new boss, Ross McEwan, will not receive any bonus for his first 15 months in the job, and won't pocket any bonus payments till at least 2017. When will banking ever change? Q&amp;A: Banker bonus cap plan What has changed since the crisis? Explaining the Libor scandal Timeline: Libor-fixing scandal $render("hyper-related-assets","group-title-6"); <h4 cla
  • It came less than a week after a major computer failure left some customers unable to use cards and cash machines.
  • On Friday, a number of customers reported problems getting on to the bank's website
  • Due to a surge in internet traffic deliberately directed at the NatWest website, customers experienced difficulties accessing some of our customer websites today,
dr tech

'The first Twitter-fuelled bank run': how social media compounded SVB's collapse | Sili... - 0 views

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    "The collapse of SVB was the second-largest bank failure in the history of the United States. The largest, Washington Mutual in 2008, took place over the course of eight months. SVB's collapse played out in barely two days. Anxious Twitter posts and WhatsApp exchanges, coupled with the ease of access that online banking provides, are seen by analysts as a serious catalyst for the current crisis. Experts suggest that in the social media age, the psychological behaviour behind a bank run - mass fear from depositors of losing their savings - may be amplified and go viral quicker than bank officers and regulators can successfully respond."
dr tech

Inside Shanghai's robot bank: China opens world's first human-free branch | Cities | Th... - 0 views

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    "Xiao Long, or "Little Dragon", is not your typical employee - she's a robot at China's first fully automated, human-free bank branch. As guardian of the bank, she talks to customers, takes bank cards and checks accounts (she comes complete with a PIN pad) and can answer basic questions. After a quick initial chat with Xiao Long, customers pass through electronic gates where their faces and ID cards are scanned. On future visits, facial recognition alone is enough to open the gates and call up customer information."
dr tech

AI videos are becoming a reality - 0 views

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    "Instead of putting bank tellers out of a job, ATMs increased the demand for tellers by reducing the cost of operating a bank branch. The reduced cost of operating a branch meant that banks opened more branches and hired more tellers to operate them. Bank branches in urban areas increased by more than 40% (source) The counterintuitive nature of new technologies is such that they may eliminate certain jobs - or parts of those jobs - but they also create new jobs and empower workers in existing jobs to be more productive."
dr tech

Banks allowed to use facial recognition - 0 views

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    "The Bank of Thailand has allowed six commercial banks to offer facial recognition for electronic Know Your Customer (e-KYC) technology to verify the identity of new customers under the regulatory sandbox when opening online deposit accounts."
dr tech

How India is bringing digital payments to its billion people without smartphones - 0 views

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    "IDFC Bank has launched an app called Aadhaar Pay that aims to help millions of its citizens without a smartphone to pay for their purchases digitally with just their fingerprint.  Merchants will be able to download the app on their Android smartphones and attach a fingerprint scanner device. To make payments, buyers will only have to choose their bank name, input their unique Aadhaar number and scan their fingerprint, which acts as a password to make the payment directly from their bank account linked to their Aadhaar card."
dr tech

Central banks beat Bitcoin at own game with rival supercurrency - 0 views

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    "The proto-currency known as RSCoin has vastly greater scope than Bitcoin, used for peer-to-peer transactions by libertarians across the world, and beyond the control of any political authority. The purpose would be turned upside down. RSCoin would be a tool of state control, allowing the central bank to keep a tight grip on the money supply and respond to crises. It would erode the exorbitant privilege of commercial banks of creating money out of thin air under a fractional reserve financial system."
dr tech

'Dyre' malware re-surfaces as 'TrickBot', targets Australian banks * The Register - 0 views

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    "Fidelis malware mangler Jason Reaves says the TrickBot malware has strong code similarities to the Dyre trojan, a menace that ripped through Western banks and businesses in the US, the UK, and Australia, inflicting tens of millions of dollars in damages through dozens of separate spam and phishing campaigns since June 2014. Dyre stole some US$5.5 million from budget carrier Ryanair and fleeced individual businesses of up to $1.5 million each in substantial wire transfers using stolen online banking credentials."
dr tech

UK's Halifax bank tests heartbeat sensor to unlock online banking services - 0 views

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    "Halifax's system, which is currently at the proof-of-concept stage, uses a piece of wearable technology known as the Nymi band; it monitors and stores a user's heartbeat via an electrocardiogram (ECG). Users must wear the Nymi on one wrist, and touch its top sensor with the opposite hand for it to work. The Nymi pairs with a smartphone via Bluetooth, using a companion app for Windows, Mac, iOS and Android. Removal of the wristband invalidates biometric authentication."
dr tech

$10 router blamed in Bangladesh bank hack - BBC News - 0 views

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    "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."
dr tech

Forget fingerprints - banks are starting to use vein patterns for ATMs | Money | thegua... - 0 views

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    "Poland has become the first country in Europe to introduce a network of "finger vein ID" cash machines, with 2,000 of the new ATMs opening in bank branches and supermarkets across the country this year, backed by a marketing campaign that promises "cash within your finger"."
dr tech

50 ways to leave your lover, but four to sniff browser history * The Register - 0 views

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    ""History sniffing" promises a nose full of dust or, you're talking about web browsers, a whiff of the websites you've visited. And that may be enough to compromise your privacy and expose data that allows miscreants to target you more effectively with tailored attacks. For example, a phishing gambit that attempts to simulate your bank login page has a better chance of success if it presents the web page for a bank where you actually have an account."
dr tech

China Charges Ahead With a National Digital Currency - The New York Times - 0 views

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    "If the eCNY is successful, it will give the central bank new powers, including novel types of monetary policy to help the economy grow. In one possibility that economists have discussed, a central bank could program its digital currency to slowly lose value so that consumers are encouraged to spend it immediately."
jhendoooo

Biometric data collection for Digital ID of all Bhutanese to commence from January next... - 0 views

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    "Digital Identity (ID) is one of the main results focused under the main Digital Drukyul Flagship Program of Nu 2.557 bn as the fund also covers results such as Institutionalizing e-Patient Information System, creating Digital Schools, Integrating e-business services (business licensing and Single window for trade), Land records, tax information etc. Citing some examples of what benefits people can expect with the completion of the Digital ID Lobzang Jamtsho, Chief ICT Officer, Application Development Division, Department of Technology and Telecom (DITT) under Ministry of Information and Communication (MoIC) said stated, "Currently the online processes are hybrid in nature, where although we communicate or negotiate online, people still need to be physically present to sign a contract or make online transactions." He said that with the use of Digital ID, one can have bank transactions or even sign up contracts remotely to state a few components that the program encapsulates. The paper found that the biggest advantage of the Digital ID of the person is that all the information of the person will be stored and based around the Digital ID of the person. This could be health records, land records, tax records, revenue and bank records, business records, education records, census records etc. The person can use his digital ID to access all this information and also use his ID to complete online procedures to avail services. To protect the privacy of the person access to the information will be compartmentalized and restricted so some tax officials for example cannot access the health records of a person. A key component of digital ID is collecting the biometric details of people like eyes and all finger prints for verification and security."
Mcdoogleh CDKEY

BBC News - New iPhone worm can act like botnet say experts - 0 views

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    Technology: iPhone Firms involved: Dutch Online Bank ING. SE issues: Privacy Policies & Standards Securities
dr tech

Japanese bank introduces robot workers to deal with customers in branches | World news ... - 0 views

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    "The 120-centimetre-tall android already works as a shop assistant at SoftBank mobile phone outlets in Tokyo - a move its chief executive, Masayoshi Son, described as a "baby step on our dream to make a robot that can understand a person's feelings, and then autonomously take action"."
dr tech

Bank of England investigating dramatic overnight fall in pound | Business | The Guardian - 0 views

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    "The Bank of England has previously highlighted the impact of trading algorithms. "Some markets appear to have become more fragile, as evidenced by episodes of short-term volatility and illiquidity over the past couple of years," Threadneedle Street said last December, warning of a move towards "fast, electronic trading." "
dr tech

Bitcoin Plunges By Nearly $30 As Largest Market Suffers Outage - 0 views

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    "Why has Bitcoin become so popular? One possible explanation is that exploding interest in Bitcoin over the past several days is being driven by economic uncertainty in Europe. Fearful of an earlier proposed European Union plan to partially fund a Cypriot bailout by imposing new taxes on Cypriots' bank deposits, goes the theory, some Cypriots (and Spaniards, for similar reasons) flocked to Bitcoin to attempt an escape from the clutches of potential taxes."
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