Tuesday, 06 December 2011
ICO Fine Powys County Council GBP 130,000
The Information Commissioner's Office (ICO) has today served a monetary penalty of 130,000-Pounds to Powys County Council for a serious breach of the Data Protection Act where the details of a child protection case were sent to the wrong recipient. The penalty is the highest that the ICO has served since it received the power in April 2010.
Assistant Commissioner for Wales, Anne Jones said: "This is the third UK council in as many weeks to receive a monetary penalty for disclosing sensitive information about vulnerable people. It's the most serious case yet and it has attracted a record fine. The distress that this incident would have caused to the individuals involved is obvious and made worse by the fact that the breach could have been prevented if Powys County Council had acted on our original recommendations.
mFoundry Secures $18 Million in Growth Capital
mFoundry announced a new infusion of $18 Million in growth capital led by MasterCard Incorporated. Also participating in the round were industry leaders Intel Capital, FIS, and Motorola Mobility. MasterCard Incorporated and Intel Capital are new investors in mFoundry.
The capital will be used to fund the development of new payments-related mobile products and services targeted at financial institutions and mobile network operators. mFoundry will also use the proceeds to support the expansion of their existing and profitable mobile banking business.
"The opportunity in mobile financial services is enormous" noted mFoundry CEO and Co-Founder, Drew Sievers. "While our existing mobile banking business is scaling rapidly, there are many other related opportunities that we believe can add significant incremental value to our company. I'm grateful to have such a deep and supportive group of strategic investors behind us."
Galitt Awarded Latest GlobalPlatform Qualification for Card Test Suite
Galitt has confirmed its leading role in getting front row qualification for the GlobalPlatform latest card testing program: the Basic Financial Configuration. Leveraging its KaNest-ICC simulator as a card test tool, Galitt has implemented the GlobalPlatform Test Suite released for the Basic Financial Configuration to create the KaNest-ICC GP BFC Card Test Suite. It embarks all the KaNest-ICC features, such as easiness, user-friendliness and abilities to execute tests quickly and to automate test processing.
Francois Inglebert, Sales Director of Galitt, stated: "As GlobalPlatform is continuously expanding its Compliance Program, we are happy to demonstrate again our commitment to bringing the best-of-breed testing tools to the industry. We will continue to deliver and maintain cutting edge testing tools for all sectors addressed by the GlobalPlatform standards."
Ingenico Enables MasterCard M/Chip Advance Transport Ticketing Project in Turkey
Ingenico today announced a new card payment system for public transportation with MasterCard M/Chip Advance in Turkey. The Esparacard project, the first of its kind in the world, has been implemented in Eskisehir, Turkey.
As the key part of the Esparacard project, Ingenico designed and supplied both the hardware and software payment solutions of the new ticketing system. Specifically, the new system will use Ingenico's POS terminals, certified MasterCard M/Chip Advance, to accommodate contactless card payments. The Esparacard project, represents a new generation of city and transportation card projects, was the result of a successful collaboration of several major financial and municipal institutions including Garanti Bankasi, Eskisehir Metropolitan Municipality, MasterCard, Asis and ILFER companies.
The renewed electronic ticketing system is the latest example of the modern ticketing system. It is integrated with the banking infrastructure to allow the use of credit cards from all banks," commented Dr. Yilmaz Buyukersen, the Mayor of Eskisehir.
Green Dot Hires John MacIlwaine as Chief Information Officer
Green Dot Corporation is pleased to announce it has hired financial technology veteran John MacIlwaine as Chief Information Officer. Mr. MacIlwaine will lead Green Dot's entire technology organisation, and will orchestrate the design and implementation of the Company's overall technology strategy.
Mr. MacIlwaine joins Green Dot from Visa, Inc., where he served as Head of Global Development and was responsible for developing new products and services across Visa's commercial and consumer product divisions.
"We are very excited to add someone of John's talent and calibre to the Green Dot team. John brings to Green Dot a profound expertise in technology innovation within dynamic high-growth environments. John's particular expertise in developing secure enterprise level mobile and web-based payment platforms and transaction processing systems will ensure Green Dot's voracious appetite for new technology is well satisfied into the future," said Will Sowell, Chief Operating Officer at Green Dot.
Infosecurity Europe Welcomes Publication of the Government's Cyber Security Strategy
The organisers of the Infosecurity Europe show have welcomed the publication of the government's cyber security strategy, but warn that there is still a long way to go before anyone can say that the UK PLC is more secure than other countries in terms of cybersecurity.
Claire Sellick, event director for the show, said that the aims of the strategy are laudable, but added that it is still too early to say whether the strategy will succeed or fail. She also called for the private sector to rally in its support for the government on the strategy plan.
If the government's strategy on cyberspace security reaches fruition by 2015, she says, then the UK will become one of the main places to operate business from on the Internet, and so generate healthy additional virtual revenues for the Treasury.
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