Friday, 18 November 2011
PayPal Send Money App for Facebook
PayPal's has launched a new Send Money application on Facebook, which will allow users to send money direct to friends and family via Facebook.
As the world turns increasingly to social media to stay in contact with friends and family, PayPal are giving customers the flexibility to send their money to whomever they want, whenever they want and for whatever (occasion) they want.
According to Facebook, about 50 percent of its 750 million users log onto the social media network daily and average about 130 friends.
EAST Publishes European Fraud Update
EAST has just published its third European Fraud Update for 2011. This is based on country crime updates given by representatives of 21 countries in the Single Euro Payments Area (SEPA), and 2 non-SEPA countries, at the 25th EAST meeting held in Edinburgh on 12th October 2011.
Skimming attacks at ATMs were reported by all the countries. The usage of analogue skimming devices appears to be increasing with devices incorporating MP3 and MP4 players reported.
The trend of the majority of skimming related losses occurring outside of EMV liability shift areas continues; from January to September 2011 such losses were reported in 47 countries outside of the Single Euro Payments Area (SEPA) and in 12 countries within SEPA. The USA remains the top location for such losses.
Cash trapping incidents were reported by nine countries and this type of attack is increasing in most of them. This reflects a continuance of the trend reported in EAST's most recent European ATM Crime Report (covering January to June 20111).
Ram raids and ATM burglary were reported by seven countries, and one country reported that the introduction of ink staining devices has stopped such attacks. Explosive gas attacks were reported by three countries.
The OSPT Alliance Welcomes Ecebs as Newest Member
The Open Standard for Public Transport (OSPT) Alliance announces that Ecebs has joined the OSPT Alliance.
"This is an exciting time to be working in the global transit market which is adopting ever increasing smart technology and we are pleased to join the OSPT Alliance and to join in its efforts to develop open standards-based solutions," said Stephen McSpadden, Solutions Manager for Ecebs. "The CIPURSE open standard provides the advanced security capabilities needed for today and tomorrow's transit solutions, as well as the flexibility to deliver elegant, efficient products for global use.
Cubic Selected for Chicago Open Standards Fare System Contract
Cubic Transportation Systems has been selected for contract award by the Chicago Transit Authority (CTA) to integrate, deliver, operate and maintain the agency's next-generation open payments system that will accept bank cards and, ultimately, mobile phone payments. The contract has an estimated value of $454 million, making it the largest automated fare collection contract ever placed in North America. Cubic will operate and maintain the entire system, resulting in an overall 12-year partnership between Cubic and the CTA.
To create the CTA Open Standards Fare System (OSFS), Cubic will transition the agency from its current agency-issued fare media to an open payment system where customers can use their existing credit or debit cards as a ticket, bringing the retail experience to transit ticketing. Like most transit agencies today, the CTA operates a "closed loop" fare collection system, selling its own magnetic tickets and smart cards that can be used only on CTA and Pace.
Riders without credit or debit cards will be issued reloadable prepaid debit cards that can be used for everyday purchases and CTA rides.
"The CTA is taking a revolutionary approach that will transform travel for the more than 1.6 million rides citizens take each day" said Richard Wunderle, senior vice president and general manager of Cubic Transportation Systems North America.
Advocate's Legal Files Lost after Unencrypted Laptop Theft
A Scottish advocate breached the Data Protection Act after failing to encrypt a laptop containing sensitive personal data which was later stolen, the Information Commissioner's Office (ICO) said.
The laptop was stolen from the home of Ruth Crawford QC in 2009 when she was away on holiday. It contained personal data relating to a number of individuals involved in eight court cases the advocate had been working on. This included some details relating to the physical and mental health of individuals involved in two of the cases. The device has not been recovered; however, most of the information compromised would already have been released as evidence in court papers.
The breach was only reported to the ICO on 30 August 2011 when the last case relating to information held on the laptop was concluded. The ICO's enquiries found that, whilst Ms Crawford had some physical security measures in place at the time of the theft, she failed to ensure that either the device or the sensitive information stored on it was appropriately encrypted.
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