August 19th, 2009 at 7:15 am
We had all studied to act, done with the numbers of credit cards of thousands of users and not leave any trace in the antivirus software of its victims. Began in October 2006 and since then, through sophisticated techniques, three hackers have managed to steal more than 130,000 million numbers secrets of credit and debit cards in the U.S..
The prosecution believes that New Jersey is the greatest crime of this nature committed by hackers ever prosecuted by the Department of Justice United States.
In a statement, the prosecution says that the detainees get you the information to computer servers operating in New Jersey and outside United States. The hackers used a technique known as “SQL injection” with the sourcing, as well as other confidential information, the numbers of credit and debit cards.
Accessing data from different channels
Albert Gonzalez, 28 years of natural and Miami (Florida), known as internet segvec, soupnazi and j4guar17, along with two other persons whose identities were not revealed, but might reside in or near Russia in this country, infiltrated networks of many financial institutions and trade.
Among the data that are accessed from the chain of supply stores and gas stations 7-Eleven, the company management of electronic payments Heartland Payment Systems and the network of Hannaford Brothers supermarket, in addition to two companies whose name has not been revealed.
Up to 35 years in prison
The prosecution said that Gonzalez and two other hackers identify large corporations, usually via the Fortune list of 500 leading companies, and studied, for example, the type of system of payment by credit card with which operating in its branches.
Gonzalez – who is guarded by federal authorities in New York – could face a penalty of up to 35 years in prison and fined $ 1.25 million.
In 2008, Gonzalez was accused of being part of several operations to steal data from several U.S. companies. In 2003 had already been linked to a fraud of ATMs and debit cards.
August 17th, 2009 at 7:15 am
In a black, elegant design that presents the first embossed prepaid credit card in the form of a MasterCard on the German market. Unlike all other products from the prepaid credit card business is not MEDIUSCARD conventional credit cards to differentiate. The high character and the lack of notice “for electronic use only” make the MEDIUSCARD prepaid MasterCard to a revolutionary product. “For us it was from the beginning is very important to the cardholder unfavorable differences between pre-paid credit cards and conventional credit cards to clear the road,” says Thomas Eckerle, Executive Director of the White Card AG in Munich. Surveys have shown that the marking of a prepaid credit card unconsciously leads to rejection, because you quickly thrown into a pot with people who no longer get the normal credit cards. The use of prepaid credit card goes beyond the issue beyond Schufa. Thus, the prepaid MasterCard MEDIUSCARD excellent for children. By the way, cost-effective up to five cards per main partner card, parents can control their children and aware of how to deal with a credit card bring, without any financial risks. Other functions such as the transfer from card to card in real time, the MEDIUSCARD PrePaid MasterCard available to a worldwide payment system.
About the White Card AG
The firm AG White Card developed in collaboration with various banking institutions in Europe, credit card programs for companies in the EU. The so-called co-branding offer companies the opportunity, the world’s most popular credit card payment system as an advertising medium to use or take care to present. So far this is only very large companies have been reserved. The service ranges from card design to the concepts of marketing, billing systems or the integration of systems and loyalty bonus schemes. With the MEDIUSCARD PrePaid MasterCard, the first embossed prepaid credit card in Germany on the market.
About Medius GmbH Exclusive
The Exclusive Company Medius GmbH has over 20 years of success as a retailer of financial services and is a forum in matters of individual financial advice and mediation. Headquarters of the Medius Exclusive GmbH is in Munich. The financial experts of the Medius GmbH Exclusive convey mutual funds, investments, financing, insurance and real estate.
August 17th, 2009 at 7:14 am
In mid-July were the policemen of the K 22 ears. What comes from the city center and the Gallus district has been reported, like the investigators of the Commission for fraud in the Frankfurt bureau did not. Unknown perpetrators had several bank branches, the card readers on doors stolen.
While the apparatus, in which its clients EC or credit card insert must be if, after closing time to go to the ATM, do not too much value. But officials from the K 22 sensed what would follow: Skimming in Stil.Was great many years ago still a crime for computer specialists, appears in Frankfurt under criminal gangs meanwhile school.
Since the beginning of the perpetrators have more than 20 ATMs manipulated. 2008 had it until mid-August, only five cases of computer fraud in the apparatus gegeben.Beim skimming the offender data to arrive at the EC or the credit card of the customer are stored.
This is possible for example if stolen card readers, with additional storage, and then again at the door of the bank branch may also be added. After some time the offender is removed, the memory device and find that the data of the cardholder.
Any abnormality of ATM customers should make aback. If before the shaft for the debit card an additional device installed? Does the tray in which the bank is to be different than usual? Is the ATM on a device attached that looks like a camera and on the dial to enter the secret number is addressed?
The PIN only behind leveled manually. This protects from cameras and prying eyes of people who stand behind one.
Suspected sightings of police. In case of doubt the card under the Emergency 116 116 blocked.
However: With the data thus obtained, the offender is a duplicate of the card manufacture, but still no money. To do this they need the secret number of the customer. Well camouflaged – in Smoke-dummies – the cheater, therefore, bring cameras on the ATM to the customer in his input secret number auszuspähen.
“And at this point, customers can the success of the offender to prevent,” says Alexander Löhr from the Frankfurt police. Many people have indeed several EC or credit cards. If they are on a different machine card than on the door to the bank branch, the offender with the door on the obtained data does not start. These lack the secret number. The method helps, but not if the offender instead of the readers at the door to enter the slot of the card from the machine to manipulate.
Margit Schneider knows the tricks of the fraudsters only too well. She is director of security management services provider in Euro card systems in Frankfurt. The banks are working together when it comes to the regulation of damages to the customers from fraud at ATMs arise.
The Bundeskriminalamt estimates that the perpetrators in the past year nationwide about 40 million euros erbeuteten.Der much damage could be higher, would not the German card with a special chip, which does not falsify it. At vending machines in Germany, the offender with duplicates, therefore no money – possibly in neighboring countries, however, is the use of counterfeit cards.
Change is the first in several years, says Schneider. Then all the machines in Europe only accept cards associated with the unfälschbaren EMV chip sind.Gegen a new mesh of the fraudsters can also chip nothing.
The perpetrators mounted on the shaft for the money issue a special adhesive coated strip. This will depend on the notes. Since the machine displays a fault, the customer believe that there is no money has been deducted. You remove the card and not draw suspicion.
But the procedure is risky: To quickly remove the bar, you must have the offender in the vicinity of the machines stopped. Last week the police took place at the Opera finds three men. They had the machines Commerzbank manipulated.
Victims of fraud can Mathias Behrendt, spokesman for the Frankfurter Sparkasse, calm down. Whether it is by skimming, or the trick with the groin injury: In each case they get their money back if they immediately notify the debits and report.
August 17th, 2009 at 7:11 am
The 19 highway police stations in the country now have a total of 91 credit card terminals, such as national police chief Hammann Wolf at the launch of the new procedure in Hockenheim said. In future, warnings can be up to 35 euros with EC and credit cards paid. The new procedure is “simple and fast” and a “desire of the historic highway police stations,” said Hammann. Road users and police officers needed for this no other payment forms. The “punishment immediately after the breach” show also on traffic offenders more effective.
August 13th, 2009 at 8:08 am
Countdown to the disposal of brands and stamped sheets of paper for bills of exchange: from 6th December 2009 it will not be ‘used it’ refundable. To do this, and ‘the Revenue Agency has announced that the operation on “zero stock”.
The call and ‘clear: individuals, institutions and governments must do so by this date, all the values cited paper, as’ from next December, in fact, marks in exchange for lire, lire-euro and euro notes and leaflets for lira-euro and euro will be permanently in the attic and can not be more ‘repaid.
In their place come the signs emitted by telematic tobacconists. As with other stamps, will be used on special sheets devoid of value, distribution always at the tobacconists.
The new bills will, therefore, formed by a single leaflet branded or rather, from a single piece of paper bills for free at the time of the impression of value, and which will ‘be placed on electronic cash issued intermediaries agreement, stating the payment of tax due.
Instead, gia ‘matches operations destruction of stamps not yet distributed to retailers.
The final transition from the values of paper to electronic signs, with target date of 6 December 2009, and ‘was governed by Ministerial Decree of May 26 last, published in the Official Gazette on 9 June 2009, both brands of bills, both for leaflets for the bills in pounds, euros and pounds-euros.
With the coming “off course” of brands and stamped sheets of paper for bills, the authority will complete ‘the process of simplification, in particular, was replaced on 1 January 2007 ben 51 different cuts of branded leaflets for bills with a new package with no indication of VAT.
It should be noted that the draft and ‘a type of payment. E ‘un titolo di credito transferable to turn to third parties. And, in case of failure to pay, who has in hand the bill may ‘require the collection through court proceedings. In this case, the lender appears to be protested. So when you drop a note – as the rest when you embezzlement – you must be sure of the payment to avoid the protest and the serious consequences that this’ involves a bank.
August 13th, 2009 at 8:06 am
It was the year in 1272 and Edward I of England maintained excellent business relationships with some Italian bankers. In a system that we could describe as an ancient variant of the model Northern Rock, the Ricciardi rely on interbank loans to finance the credit granted to the king. But starting in 1290 there was a liquidity crisis similar to that triggered by U.S. subprime in 2007. With disastrous results. And a reminder of history for the governments of today, beginning to wonder how to pay the obligations that continue to take.
THE CRISIS
(…) As of 1290 began a liquidity crisis similar to that triggered by U.S. subprime in 2007. The tax was gradually called papal Rome, and the king of France to the Italian merchants required the payment of substantial sums of money, leaving the company under-capitalized merchant.
Initially, it seemed that Ricciardi had managed to avoid the crisis. Edward was in the end agreed to lead the new crusade, and in return had obtained access to the proceeds of the tax collected in England clergy. Merchant companies that had deposited was then ordered to transfer a first tranche of 100 thousand marks (about 66,667 pounds) to Ricciardi, in favor of Edward. However, it is unlikely that there was a physical move of money is much more logical that merchant companies have transferred their liabilities by the pope to Ricciardi. On paper, the money would be credited to Ricciardi, but it resulted in the danger: what Edward decides to collect the proceeds of the tax with a short notice.
And that’s just what happened in 1294 when the war broke out between England and France. As on other occasions, he turned to Edward Ricciardi for the money to finance an army.
In theory, Ricciardi would have to be well capitalized, but unfortunately it seems that most of their resources were already committed and the widespread lack of liquidity prevented contact the interbank market to obtain the money. The problems were then exacerbated by the Anglo-French war, which had cut communications between Italy and England and did not allow companies to update the merchant account books.
Just as these days are the banks, in their defense the Ricciardi could be argued that their difficulties were due to a liquidity crisis in the short term and that their activities even out the liabilities. In practice, however, were not able to give Edward the financial aid which was desperately needed. For this, the king revoked the appointment of collectors of duties on wool and ordered the confiscation of all assets of Ricciardi and other merchant companies. It was a fatal blow to the finances of Ricciardi and the end of their long business relationship with the crown of England.
IS THAT IT FOLLOWS
Initially, Ricciardi tried to recover their positions through a series of credit swaps and compensation between debtors and their creditors. This necessitated a new account with Edward, in the belief that its discovery, coupled with the income from wool and confiscated debts, would offset a large part of the huge papal fee. The other was their main creditor, the pope and Ricciardi tried to convince him to take the claims that the merchants had in Italy and France, the pope was certainly in a better position to demand payment. If we want to draw a new line with the current situation, state intervention is through the issuance of bonds guaranteed by the Treasury in exchange for more illiquid assets held by banks.
Unfortunately for them, Ricciardi failed to convince governments to help them.
In the short term, with its decisions Edoardo managed to recover 50 thousand pounds. However, the fall of Ricciardi significant costs involved in the medium term. Edward was still a need for huge sums of money to pay its armies (…). It was thus forced to turn to lenders who do not have the resources of Ricciardi and pretended interest rates much higher, up to 150 percent annually.
Today, punitive actions against the banks would have economic consequences far more serious, given the current use of credit. The same seems to be Edward came to the same conclusions. In 1299 had already started a new business relationship, intended to last a long time, with the Frescobaldi of Florence. And when the Frescobaldi complain that the news had involved a flight of customers from their other bank, the King of England promised them compensation of 10 thousand pounds.
The normal annual income of the crown of English was at 40 thousand pounds: the undertaking given by Edoardo was therefore greater than the initial £ 50 billion in bank recapitalizations offered by British government in 2008.
Private access to credit, Edward was forced to resort to heavy taxation and its rights to purchase goods setting the price. He made an immoderate use of Wardrobe Bills, mainly for payment of government obligations to pay wages and supplies. All measures that ultimately led to the emergence of strong political opposition and contributed to the constitutional crisis of 1297. By contrast, his rival, Philip the Handsome, who tried to obtain money by lowering the intrinsic value of the currency, reducing by two thirds the content of silver coins.
The right of seigniorage (…) allowed him to avoid the use of direct taxation to the levels of the one imposed by Edoardo or have the same level of debt. However, it is possible that the long-term expansion in the money have been worse for the French economy than it has been in the medium term the weight of high taxes and debt to England.
We believe that this story has a remarkable echo in the moment, when governments begin to grapple with the problem of how to pay the obligations that continue to take.
August 13th, 2009 at 8:05 am
Mario Lettieri, undersecretary of the Prodi government all’Economia Paolo Raimondi, Economist, July 13, 2009 L’Aquila was unfortunately a G8 truly interlocutory, a stop of transition between the G20 in London, where the new rules of finance have been laid without challenge weight and the modus operandi of banks that have brought us to the global crisis, and the summit of Pittsburgh at the end of September that is likely to confirm the superiority of the old financial model with fewer rules and less state “. The City and Wall Street! Despite the fact that governments have become with the public money the creditors of last resort of a bankrupt, the game between the state and the banks are still second to dictate the rules of the game. Even Berlusconi, the exaltation of the success of the summit, made a statement that deserves more careful consideration. “He expressed disappointment that – he said at a press conference final – are taken on speculation international hedge funds on oil as other raw materials, and also why we have a mandate to the international bodies to investigate a way to intervene. ” In other words it is assumed that after a year, despite summit, Decalogue tablets of conduct and so on, some speculative finance has never changed behavior and running quickly towards a second phase of the crisis. The Comptroller of the Currency, the autority American who supervises the conduct of the banking system, has recently published report on financial performance in the first quarter of 2009 which shows that despite the crisis and the measures announced antispeculative, derivatives over the counter (OTC) signed by U.S. banks rose to 202,000 billion dollars at the end of March 2009, ie 2000 billion more than the end of December the previous year. Over 90% of that bubble is held only 4 banks: JP Morgan Chase, the Citi Bank, Bank of America and Goldman Sachs. And it was the latter, which boasts historic friendships and alliances at home, to lead this recovery speculation in derivatives, bringing its share from 30 to 40,000 billion in just three months! For its part, the Bank for International Settlements in Basel published in late June its semiannual report on which reports that the notional value of derivatives globally in the second half of 2008 was down to 100,000 billion dollars, down always around the huge level of almost 600,000 billion. The BIS also takes care to emphasize that while the notional value decreased, saliva instead of 5.000 billion the Gross Market Value, ie the cost to replace all existing contracts at a given time. The significant increase in this index shows that the volatility and risks of derivative transactions during the financial crisis and banking collapses have increased dramatically and with them the costs, premiums payable for the same derivatives. These data show that especially in America, nell’epicentro of the financial crisis, the speculative behavior is not changed at all, despite much talk of new rules and more stringent controls. The press then presented as a sensational result of the G8 dell’Aquila agreeing to a commitment of 20 billion dollars to support Africa in the fight against hunger and against public health emergencies. Certainly all development aid in Africa is good and necessary, although for the moment it is just numbers on paper. We would like however to point out the mismatch between aid for the entire African continent and 182.5 billion U.S. dollars made available in September for the rescue of U.S. insurance giant AIG. Certain that its failure would have led to an internal system of insurance and pension American, but the difference is really huge. Moreover, just as you promised support to Africa, the AIG suffered a collapse in the stock exchange so as to ventilate a new threat of bankruptcy. In this regard we recall that in the game there is the “bomb” from 193 billion dollars in CDS (credit default swaps, a kind of insurance policies for high-risk bonds) that AIG has sold mainly in Europe and the whose true value has everything to be set. Therefore, we fully agree with President Giorgio Napolitano, who, speaking to the heads of state and other international leaders in L’Aquila, stressed the importance and urgency of a new Bretton Woods. Not only – said the president – to have “a more demanding set of rules and standards for the conduct of financial assets and economic” but to define a particular model of society more just and far-sighted that we can express “in cooperation between civilizations “.
August 13th, 2009 at 8:04 am
Among its products WeBank has two types of accounts, Account MyBusiness dedicated to business and account WeBank dedicated individuals, the latter without a doubt one of the most convenient online accounts currently in circulation.
WeBank account does not provide for the payment of any monthly fee but only the payment of state stamp. I am free, moreover, the cost of handling and keeping account the costs of liquidation, sending quarterly account statement, bank statement online, International ATM card, all ATM withdrawals at the BMP group and at ATMs of other institutions and Cartimpronta credit card VISA or MasterCard.
As regards the rate of interest to the creditor, to stock up to 50,000 euro rate of 0.90% (ECB rate -0.10%), or 1, 25% (ECB rate + 0.25%) if shall be made at least 18 executed in trimeste stock. For stocks over 50,000 euros, instead, the interest rate is equal to 0.00%.
For new customers who are not already co-agents or an account at the Group Bipiemme and open an account WeBank before 31.08.09 is an interest rate of 2.50% gross interest of up to 30,000 euros and state seal Free, all until 31 December 2009.
Obviously this is a checking account online is that many transactions are conducted online, plus the ability to make withdrawals and payments at the doors of the 500 agencies BPM present throughout the country.
August 13th, 2009 at 8:03 am
Some Western leaders, especially Europeans, would prefer that it was a G14, in order to maintain power in the hands of European powers, but the United States and China want to instead broaden the multipolarity of the decisions and prefer to take strategic decisions of an economic nature inside the G20.
The G8 is now outdated and transcendental decisions on non-pass more through this group.
The G20 will have three dominant positions: the United States, China and the European Union, these three blocks have different ideas about the economic and financial crisis, but differ mainly in unequally.
The United States, where it originated the crisis, a country that will “reinvent” and although it continues to have serious economic problems, especially with its currency, is the country of more changes and innovations in the world and is the country that constantly “reinvent” its productivity, that generates a continuous knowledge that expresses itself in increased productivity and innovation that will enable him to overcome the crisis arising from the savage capitalism of recent years.
With regard to Europe, this block is what is in the situation more critical and that will take longer to overcome the crisis, which has shown the consequences of structural unemployment as born from this crisis and that in coming to disappear, just like ‘debt of companies and governments.
China, in this crisis appears to be the winning block, a new world leader and second world power in 2010, replacing Japan, is the world largest creditor and holder of the greatest good for the Treasury Americans emerge from this crisis with great power economic lot of money and credits and, as if not more, is the only country able to make global economic growth through its domestic market.
Is therefore the winner from this crisis while the other winners are Brazil, another country producing raw materials and foodstuffs as well as leaders of Mercosur, the place of the world that certainly in the near future will focus the interest of many international investors.
One comment, however, must be done on Argentina.
Many countries today would be in place in Argentina, in 1999 when the G20 was founded this nation had very close relations with the United States, but this condition could mean that today as a “random”, is expressed to countries that are inside – or outside – of this group, these countries will see that in a few years Argentina will be a reality and in turn become a world power especially in the agro-food, as well as a large producer of food for a world that should give solution to many problems, and all the hungry each time because more swells the army of millions of hungry people.
The first act will be seen starting next year, but not as it happened in April in London or as surely will happen in the United States, Pittsburgh (Pennsylvania) next September, and the implications of this fall because of economic crisis and this will be passed through the various measures taken by common accord of the most developed countries, which have laid a new basis to stem this crisis.
If you resubmit an economic contraction for one of the dangers that now occur – such as a big issue of money without collateral or a high unemployment rate resulting social crisis, or a debt growing in areas that show little ability to pay the debt in the short term – would be clearly a true test of this new governance structure of world power.
Would be if the “paper” that has asked the French president will be born and made a “world government” which expresses the decisions apply to all its members, namely a more democratic world order which issues a “map” better and more towards emerging countries.
August 10th, 2009 at 6:52 am
Techniques of attacks aimed at customers of electronic channels for access to the bank to become over time more and more sophisticated, and is generally difficult and / or cost effective to use. This results both from the banks of effective technological protection measures (such as hardware tokens, the type of ‘challenge-response’ or SMS codes to authorize transactions, complex systems, e-fraudów detection and other security) as well as the continued education of users regarding the safe use of banking site.
In this situation, the offender returned to the old, simple and relatively cheap methods of attacks.
A real renaissance in the world are going through the crime obtain sensitive data by telephone. These increased significantly with the emergence in the still ongoing, global economic recession. The reference is to the phenomenon VISHINGU.
What exactly is VISHING?
VISHING transfer methods and tactics of criminal known to banking under the name of phishing to telephone communication systems. Therefore, the name is also identified “phishing by phone.” Root mass to VISHINGU words from the phrase ‘voice phishing’ (voice phishing). As you can see, it changed the medium of the Internet to the telephone network, and the tactics and objectives have remained generally the same.
Thus VISHING is a type of fraud involving the use of the phone to trick potential victims of sensitive data, such as the credit card numbers, account IDs and passwords for online banking, PIN numbers for ATM cards, or to the bank IVR system, the expiry date and card CVV numbers etc.
Stolen data is used directly to derive funds from customer accounts, charges for purchases by credit card over, or for further resale by wholesalers-visherów other criminals operating in the criminal chain link further.
The success of fraud is based on trust of the client to telephone contact with the bank, and this can increase the confidence of criminals such as methods to prepare any number of trusted connection originator (the so-called Caller ID) or use a professional type of IVR systems. To commit crimes may be, for example, poorly secured systems used Voice over IP (telephony-based telecommunication network bandwidth), which are not lacking in the whole world.
A typical mid-VISHING the attack is as follows:
Agresorzy build your own or acquire another company belonging to the voice messaging system and use it for making connections to potential victims of attacks. The numbers of potential victims of attacks are often also gained illegal methods (data leakage, trick, attacks on systems, etc).
The potential victim of the attack and receives the phone is informed by the automated voice message system for example, problems with credit card operations of suspects in the bank account or other abnormalities.
Communication includes instructions for immediate contact with the bank in order to explain the irregularities. Of course, gives the phone number to contact.
The potential victim soon becomes the real victim of the attack, as alleged oddzwaniając the bank is asked by the IVR system to enter sensitive data such as the PIN numbers, credit card numbers, CVV codes, etc. Officially Communication IVR system justifies the need to provide this information in order to authenticate . In fact, they are taken over by the aggressor, and shortly thereafter used to carry out fraud.
To protect itself against VISHINGIEM?
Do not give credit card numbers or any other confidential data to anyone who has not previously been identified correctly by us.
If the price is even doubt that the person calling us to prepare a bank employee, you should ask about the possibility oddzwonienia known to us at the number of the bank (not the number given to us by the person calling us).
In the case of suspected obtain data should be reported to the police case and advise the bank on this fact.
