Thursday, 03 November 2011

Facebook is Hackers' Open Door to SMEs

Employees' Facebook habits are costing bosses more than just time by inviting hackers to cause untold damage to their businesses.

With recent figures showing that more than 600,000 Facebook profiles are hacked every day, security experts are warning SMEs to ramp up their security policies.

Andrew Frowen, MD Intaforensics said: "Facebook is endemic in today's society. Young people are freely putting up their personal information to the point where there is no real need for phishing or social engineering scams to obtain valuable information because it is openly available.

"Cross-referencing information available on Facebook and other social network sites gives the cyber criminals an in-depth look at your social and professional circle, with which they can send out an authentic looking email infected with malware to people high up in their company, potentially giving them access to their whole computer - be that a personal or work computer."

SmartSoft becomes Cardteck Inc.

SmartSoft is becoming Cardtek Inc. effective immediately. The company's of SmartGroup; SmartSoft, CordisNetwork, CredoWork and PhayMobile business units will now be offered under the umbrella of the new U.S. based organisation.

Founded in 2001, SmartGroup was formed to help pioneer the advent of EMV based payment standards and technologies in Europe. Since then, the company and its brands have grown rapidly. Today, it is a leading innovator of EMV based card payment, instant and central card issuance and Mobile/NFC solutions to the global payment industry. As the company moves rapidly into its second decade, it is reorganising to address the payment technology migration that is taking place in United States, Canada, Mexico and Latin America.

"To keep pace with the change sweeping across our industry, particularly in the USA and Canada, we are realigning our organisation to deliver our complete line up of payment solutions under one organisation," said Murat Goksenin Guzel, President of the newly formed Cardtek Inc.

Identive and INSIDE Secure Deliver Ten Millionth Smart Ticket to southeast Asian resort

Identive Group, Inc. and INSIDE Secure today announced the delivery of the ten millionth smart ticket to a popular vacation destination in southeast Asia. The thermal printed guest tickets are used at the resort for contactless admission to various attractions and guest facilities.

"Our customer has experienced a three-fold increase in visitors over the past year, which has required rapid turnaround on new ticket designs and production to keep up with their growing demand," said Michael Kober, managing director of Identive's Transponder group. "Our goal is always to provide a consistently high level of quality and service, and we are very pleased to have achieved this high-volume milestone of ten million tickets with this valued customer."

Over the past 24 months, Identive has supported this southeast Asia customer with specialized singular and fanfold guest tickets across a range of printed media, as well as printed contactless smart cards used for special memberships and events. The tickets and smart cards are based on Identive's Smartag antenna and inlay designs, utilize PicoPass contactless memory card technology from INSIDE Secure and are produced at Identive's manufacturing facility in Singapore.

"Our versatile, open-standards PicoPass contactless memory chips are ideal for multi-purpose applications like the Identive contactless smart tickets because they can manage up to 16 independent applications while ensuring their individual security settings, and can store large amounts of data, including high quality photographs, fingerprints, biometric templates, signatures and data records. We are excited to have them play such a central role at this popular resort", said Bertrand Moussel, executive vice president for worldwide sales at INSIDE Secure. "INSIDE has worked very closely with Identive as our partner for this project to help integrate PicoPass with the Smartag antenna designs, and look forward to their continued success with this customer."


BPC Banking Technologies reports that it has been awarded a contract with TELERED, Panama's largest processing company. Following a competitive bid process overseen by Ernst & Young, SmartVista will replace TELERED's legacy processing platform enabling the Company to transform its payment business and introduce new services for its clients.

As Panama's national processor and switch TELERED currently runs ATM acquiring and network management for all 38 of the country's financial institutions. The network totals 1,200 ATMs and TELERED supports all aspects of ATM management and transaction processing including clearing and settlement. TELERED also acts as the scheme manager for Panama's national debit card program "Clave".

With the availability of SmartVista technology TELERED will be able to start executing its far reaching strategy, including upgrading the network to support EMV processing, providing added value services to cardholders, expanding the network to include self-service kiosks.

"We are excited to have been selected to form the backbone of Panama's card payments infrastructure. SmartVista's comprehensive functionality, high availability and scalability will transform the way TELERED runs its business. We well understand the responsibility we have to deliver this mission critical project and are committed to working with TELERED and its client banks to ensure a seamless and on time implementation" said Vasily Grigoriev, CEO BPC Banking Technologies.

Gemalto Launches Ezio Plug & Sign for Unmatched Online Transaction Security

Gemalto today launches the Ezio Plug & Sign, the pioneering corporate banking device that tackles automated clearing house (ACH) and wire transfer fraud. Ezio Plug & Sign is a truly zero footprint device. It provides a secure web browser for online banking, also called a "safe zone", to overcome the inherent risks of an open online environment. This capability in addition provides the ability to extend the services that can be offered to the users, including secure email, secure electronic bank account management and secure statement viewing.

PNC Offers EMV Card

PNC announces a new contact chip card, or "smart card," for commercial customers who currently use PNC's corporate travel and purchasing cards. The new PNC chip card features an embedded microchip (certified by Europay, Mastercard and Visa) that will help to protect against fraudulent activity and to improve the point of sale experience when used outside of the United States.

"Our commercial customers are seeking to minimize their risks as they push into new markets and explore growth opportunities outside of the U.S.," said Jeffrey Felser, senior vice president of treasury management at PNC. "The chip card allows us to better serve our customers by adding another convenient and secure payment option for goods or services purchased overseas."

Chip technology has become prevalent in 130 countries, including throughout Europe, and most recently Canada. Some large U.S.-based merchants have already begun installing chip terminals.

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