Archive for Security

  • Buying your anonymity Buying your anonymity

    The benefits of an anonymous worldwide digital currency are many, although its appeal to the criminal element is worrying BY PAUL DUCKLIN Two years ago, in 2009, an open-source, peer-to-peer digital cash system launched. Cutely called Bitcoin, it was based on an academically-flavoured pa...

  • MAMBO misses the point MAMBO misses the point

    Account portability is at a standstill now that Project MAMBO has been called off, but was the concept really viable in the first place? BY STEPHEN WILSON Last month brought the unfortunate news that the BPAY consortium has cancelled Project MAMBO, setting back the cause of account portabili...

  • Nett benefits Nett benefits

    For banks, nett benefits aren't just about profits; it's also about digital identities and the intricate relationships behind them BY STEPHEN WILSON One of the main contentions of the Identity Metasystem, National Strategy for Trusted Identities in Cyberspace (NSTIC) and like models is that ...

  • CBA verifies all the way CBA verifies all the way

    Forget having an identity check that's only thorough enough to open an account, CBA has chosen to go all the way with its e-verification system BY CHARIS PALMER The Commonwealth Bank has launched electronic verification for new customers, and has chosen to go beyond its competitors in the nu...

  • Cyberstorm warning Cyberstorm warning

    The upcoming Cyberstorm exercise will test the responsiveness of banks and CERT Australia to electronic attack BY ELTON CANE As Australia's new government computer emergency response team (CERT Australia) gears up to run this country's participation in the international Cyberstorm security ex...

  • Phishing free for all Phishing free for all

    Australian banks are making life too easy for phishing fraudsters BY ELTON CANE It's one of the simplest ways a bank can protect itself and its customers against phishing attacks that appear to be sent from its domain. But Sender Policy Framework (SPF) records have only been deployed at four ...

  • Dedicated to the cause Dedicated to the cause

    Why is the US urging small business to only use dedicated computers to perform and secure online banking? BY CHARIS PALMER The Australian Bankers' Association says it will not replicate the advice given by the American Bankers' Association for small business people to use a dedicated computer...

  • You're the voice You’re the voice

    Almost 90 per cent of NAB customers offered the opportunity to use voice authentication IDs have added their voices to accept the technology BY ELTON CANE When Wollongong-based insurer Australian health management became the country's first major public deployment of voice biometric authentic...

  • Count me in

    Banks have jumped to offer mobile services, without strategically considering why. So why the "me too" attitude? BY SAM SKONTOS Today, almost all retail banks in Australia offer some form of mobile banking, but do people actually use it? While in theory I could utilise the "lost time" on the t...

  • The light touch The light touch

    Australia's softly, softly approach to telecommunications and broadcast regulations could land this country in some heavy duty trouble. BY ALASTAIR MACGIBBON Just over one year ago, on 4 December 2008, Prime Minister Rudd delivered Australia's inaugural National Security Statement to Parliame...