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[News] Banks Look into Online Banking with Live CDs

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Practical Linux home security

,----[ Quote ]
| Indeed, some banks have even been looking into Linux Live CDs for their 
| customers to use. In this circumstance, Internet banking users would boot 
| their computer from the Linux CD and then perform their online banking within 
| a Linux environment. If you already use Linux then this is not really 
| necessary, but it is a testament to the perception of the security and safety 
| Linux offers end users over Microsoft Windows.     



Bots rule in cyberspace

,----[ Quote ] 
| USA TODAY REPORTS that on an average day, 40 per cent of the 800 million 
| computers connected to the Internet are bots used to send out spam, viruses 
| and to mine for sensitive personal data.  


Security? - Don't Bank on It

,----[ Quote ]
| A useful article here dissecting what's wrong with the latest version of the 
| UK Banking code...
| [...]
| Since GNU/Linux users tend not to run anti-virus programs, and don't use 
| traditional firewalls: does that mean they're always liable? 


New banking code cracks down on out-of-date software

,----[ Quote ]
| The banking industry has re-affirmed a policy that makes online banking 
| customers responsible for losses if they have out of date anti-virus or 
| anti-phishing protection. New Banking Codes for consumers and businesses took 
| effect on Monday.   



Online banking fraud 'up 8,000%'

,----[ Quote ]
| The UK has seen an 8,000% increase in fake internet banking scams
| in the past two years, the government's financial watchdog has warned.
| The Financial Services Authority (FSA) told peers it was "very concerned" 
| about the growth in "phishing".


Secure web browsing through Live Linux distros

,----[ Quote ]
| Banking isn't the be-all and end-all: there's many other reasons you'd 
| want a secure system, separate from what's on the hard disk, besides 
| Internet banking. Traveller's can't necessarily trust the integrity of 
| a computer in an Internet cafe.


NZ banks demand a peek at customer PCs in fraud cases

,----[ Quote ]
| The code also adds: "We reserve the right to request access to your computer 
| or device in order to verify that you have taken all reasonable steps to 
| protect your computer or device and safeguard your secure information in 
| accordance with this code.   


Linux FlyBuys into financial transactions

,----[ Quote ]
| Linux may be an operating system synonymous with a flightless
| bird, but Loyalty Pacific, the company behind popular retail
| loyalty and rewards program FlyBuys, has announced it will
| jet its infrastructure to open source software.


FNB [South African Bank] switches 12 000 desktops to Linux

,----[ Quote ]
| With 12 000 desktops switching to Linux this is very likely the 
| most significant Linux and open source implementation in South 
| Africa to date.


Swedish bank hit by 'biggest ever' online heist

,----[ Quote ]
| Haxdoor typically installs keyloggers to record keystrokes, and
| hides itself using a rootkit. The payload of the .ki variant of
| the Trojan was activated when users attempted to log in to the
| Nordea online banking site. According to the bank, users were
| redirected to a false home page, where they entered important
| log-in information, including log-in numbers.


In zombies we trust

,----[ Quote ]
| A little over a year ago, I wrote an editorial where in back-of-the-envelope 
| style (.pdf) I estimated that perhaps 15-30% of all privately owned computers 
| were no longer under the sole control of their owner. In the intervening 
| months, I received a certain amount of hate mail but in those intervening 
| months Vint Cert guessed 20-40%, Microsoft said 2/3rds, and IDC suggested 
| 3/4ths. It is thus a conservative risk position to assume that any random 
| counterparty stands a fair chance of being already compromised.      


Microsoft's 10Q Risk Factors Lists Conceivable Liability for Data Leaks

,----[ Quote ]
| Improper disclosure of personal data could result in liability and harm our 
| reputation. We store and process significant amounts of personally 
| identifiable information. It is possible that our security controls over 
| personal data, our training of employees and vendors on data security, and 
| other practices we follow may not prevent the improper disclosure of 
| personally identifiable information. Such disclosure could harm our 
| reputation and subject us to liability under laws that protect personal data, 
| resulting in increased costs or loss of revenue. Our software products also 
| enable our customers to store and process personal data. Perceptions that our 
| products do not adequately protect the privacy of personal information could 
| inhibit sales of our products.          


Experts are calling for product liability for software

,----[ Quote ]
| "Product liability does not apply to software," Gerald Spindler
| of the Faculty of Law of the University of Göttingen complained.
| "But what if a whole company comes to a standstill due to faulty
| software?" he mused.


,----[ Quote ]
| Ah, from the horse's mouth: Microsoft just might be held legally 
| responsible for selling software that is insecure.

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