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Mary E. Shacklett - Sneak Peak: Lessons Learned From Cyber Storm II. CERT split a security risk: TrustDefender - Security - News. The government's decision not to partner its own computer emergency response team, CERT Australia, with the existing AusCERT may have ramifications for Australian banks that rely on security updates, according to TrustDefender chief technology officer Andreas Baumhof. (Credit: Andreas Baumhof) Following the announcement in November last year that the government would establish CERT Australia as part of its cybersecurity strategy, the government entered into long-running negotiations with non-government organisation AusCERT to see if the two security organisations could work in partnership.
In June, the government ceased negotiations with AusCERT and no partnership was formed. At the time, AusCERT said it would continue to provide the same security bulletins it distributes daily to banks and other organisations in Australia, but warned that CERT Australia may ultimately end up providing duplication of services at the expense of taxpayers. "It's a tricky situation. Citi jumping into Aussie prepaid card market.
By Vanessa Tripodi Australians are trying hard to be smart with their money, and as a result many of us are concentrating on reducing our credit balances in the new decade rather than inflating them. A new market that involves prepaid cards has been created by the credit card companies to capture these new cash-hungry consumers. Citi is only the second issuer, next to ANZ, to produce prepaid cards for the Australian market, having been doing so for Ford. Prepaid cards are primarily issued by companies wishing to reward their customers with a gift with purchase. Ford, for example, rewards customers who buy a new car with a $250 Citi prepaid card, which can be used anywhere credit cards are accepted. The Australian prepaid card market is attractive to Citi and it is such a large one, with only ANZ as the current competition.
Prepaid cards can also offer anonymity to users who would rather not provide their personal details when making purchases. Article by Vanessa Tripodi.
Cool stuff. Help. Finance and technology research topics. Communication clients and projects. People whose Pearltrees interest me. Free speech and internet censorship. A better Internet Bank? Who gets it right... Can Mint commit to not selling our data? I came across a post on the Consumerist entitled "Do You Mind If Mint Sells Data Based On Your Transactions? " To quote the article (and the linked Reuters post): Mint's CEO Aaron Patzer spoke at SXSW on Saturday and said that the company is sitting on a gold mine of customer data that it may or may not sell.
Here's how Salmon paraphrases it in his blog post: “[Patzer] started talking about the rich value of all the store-level data he was sitting on. For instance, he said, he can see pretty much in real time how much money his huge database of customers is, in aggregate, spending at Blockbuster vs Netflix vs Redbox, or any other set of retailers — and that kind of information would surely be extremely valuable to hedge funds.
It was clearly something he’s talked a lot about, and he never said that he wasn’t already selling that data to the highest bidder. Is Mint willing to come out and commit to not selling our personal data? Do You Mind If Mint Sells Data Based On Your Transactions? - The. PaparanBIRTGS_eng.pdf (application/pdf Object) Viewcontent.cgi (application/pdf Object) Facebook Privacy: A Bewildering Tangle of Options - Graphic - NY. BOQMyBudgetTermsAndConditions.pdf (application/pdf Object) Malaysian electronic payment system chooses IBM for mainframe up. Subscribe / Unsubscribe Enewsletters | Login | Register Pencil Banner Closed-loop recycling system for uniforms launched in China Teijin, Onward and Fuji Xerox to launch this environment-friendly system Fortinet appoints sector heads to grow telco market share in Southeast Asia & Hong Kong Industry veterans Ng Hwee Boon and Chang Wai Leong tasked to lead business expansion in the managed security services provider (MSSP) and telco data centre spaces respectively HK policy address: IT pros urged more work on R&D, talent issues The IT sector in Hong Kong hopes for more government support behind tech R&D and talent cultivation, in response to the first policy address delivered by Chief Executive Leung Chun-ying yesterday.
HK workers lack job satisfaction, demand bonus in 2014 Hong Kong employees are resolute in seeking a bonus (85%) and receiving a pay-raise (95%) in 2014, said recruitment service firm Randstad when releasing findings of its Randstad Workmonitor recently. What's in a name? SPF: Press Release/2007-04-21. Press Release: Hong Kong and Indonesia launch a new cross-border. Hong Kong and Indonesia launch a new cross-border payment-versus-payment link The Hong Kong Monetary Authority (HKMA) and Bank Indonesia jointly announced today (Monday) that the new cross-border payment-versus-payment (PvP) link between Hong Kong’s US Dollar real time gross settlement (RTGS) system and Indonesia’s Rupiah RTGS system has been launched on 25 January 2010.
The link, which starts operation today, will eliminate settlement risk in foreign exchange transactions between the US Dollars and Indonesian Rupiah by ensuring the simultaneous delivery of US Dollars in Hong Kong and Rupiah in Indonesia. Banks in Indonesia can better manage their counterparty risks arising from the foreign exchange transactions and enhance their operational efficiency in settling those transactions during Asian hours.
On 24 October 2008, the HKMA and Bank Indonesia signed a Memorandum of Understanding on the establishment of the PvP link. Mr S. For further enquiries, please contact: RTGS Payment Systems (hktdc.com) The HKMA and the banking community both have a part to play in ensuring Hong Kong's RTGS payment systems continue to operate efficiently. I am sure commuters are often annoyed by heavy traffic on roads or in tunnels. Accidents often disrupt traffic and may make us late for important appointments, which can be quite costly in terms of business opportunities forgone or loved ones being angry at our arriving late. Fortunately mobile phones make communication a lot more efficient and timely these days, enabling us to at least minimise the impact of being late.
But the economic costs of traffic jams are probably still quite high, particularly in a high-density environment like Hong Kong, not to mention the resulting frustration and stress that may be quite hazardous to health. Interestingly, we accept traffic jams as an inevitable aspect of life, perhaps because a transport infrastructure free of traffic jams is too costly to build. Annual RTGS turnover as a multiple of nominal GDP in 2004. Fast growth aim of planned bank | Business | Guide2.co.nz. By Melanie Carroll of NZPA Wellington, June 1 NZPA - Three of the country's oldest financial services businesses are planning a $2.2 billion merger to create the only listed bank on the New Zealand stock exchange, and expect to double in size within five years.
Canterbury Building Society (CBS), Southern Cross Building Society (SCBS) and Pyne Gould Corporation (PGC) have signed a memorandum of understanding proposing to merge their banking-related activities. The merged entity would initially have 360 staff and about 70 customer outlets, and would aim to quickly grow its asset base to $4.4 billion.
That would compare with the $12b in assets for Kiwibank, still considered a small player in the New Zealand banking scene which is dominated by Australian-owned banks. The news was a surprise, although consolidation had always been on the cards in the sector, said Grant Williamson of brokers Hamilton Hindin Greene. PGC would probably be the largest shareholder. NAB grabs giant's share. NAB's efforts to rebuild its retail banking franchise appear to be working in deposits - at the considerable expense of the Commonwealth Bank. Data published yesterday by the Australian Prudential Regulation Authority confirms NAB is the fastest growing deposit-taker among the big banks, while CBA has become the industry laggard.
Total household deposits held at banks rose by $28.3 billion or 6.6 per cent in the year to the end of April, but CBA was only able to expand its deposit base by $3.6 billion or 2.6 per cent. NAB grew its household deposit base by $6.2 billion or 11.2 per cent in the 12 months to the end of April on the back of market-leading rates in online savings and big cuts to account fees. Although CBA remains the largest deposit bank, the group is struggling to keep customers at its recently acquired BankWest subsidiary. It suffered a net outflow of business in the 12 months with its deposit base sliding $437 million or 3 per cent to $13.8 billion. Continued Page 28. FINSIA Asia Financial Services Summit. Fill out survey. Page last refreshed: 0 minutes ago An error occured whilst processing your survey. Please try filling in the form again. If you continue to receive this message or experience problems downloading, please let us know by emailing us at contact@finextra.com.
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