New Gift Card Laws Also Benefit Terrorists
By Professor Jenni Hesterman, Counterterrorism Expert
Let’s say you are a bad guy and have some “dirty” money to launder. Cards might be a good idea. First of all, there is no limit to how many cards you can buy. You can buy them with cash. You can sell them on an online auction site, transfer the value to a nonbank, and liquidate it by asking for a debit card you can use anonymously at an ATM. Or you can use pre-paid Visa cards to purchase items which you can then sell. And the law change makes this method even more lucrative.
ISR News: 33% Would Steal Sensitive Data
Excerpts From CIO.com
“Criminals are very adept at finding the vulnerable workers who can be tempted into betraying their employers, therefore, organisations should ensure that they have trained their people to protect sensitive information and have adequate technology and processes in place to help them enforce security policies that comply with current regulation and legislation,” said Tamar Beck, group event director, Infosecurity Europe.
ISR News: Federal Reserve Tech Arrested
Excerpts From CIO.com
A former IT analyst at the Federal Reserve Bank of New York and his brother were arrested Friday on charges that they took out loans using stolen information, including sensitive information belonging to federal employees at the bank.
ISR News: Obama to Kaibosh CEO Mega-Pay
Excerpts From CNN.com
President Obama alluded to a change in executive salary in an interview with CNN’s Anderson Cooper on Tuesday. “Tomorrow I’m going to be talking about executive compensation and changes we’re going to be making there,” he said. “We’ve now learned that people are still getting huge bonuses despite the fact that they’re getting taxpayer money, which, I think, infuriates the public.”
The Financial Industry Takes Too Much
Feature Article By Anthony M. Freed, ♦ ISR Financial Editor
“The financial sector itself has been building for many decades into the largest single element of the American economy. We have moved to a world where far too many of us seemingly no longer make anything; we’re merely trading pieces of paper, swapping stocks and bonds back and forth with one another, and paying our financial croupiers a veritable fortune.
In the process, we have inevitably added even more costs by creating ever more complex financial derivatives, in which huge and unfathomable risks have been built into the financial system.” - John Bogle, Vanguard Founder
