Tag Archives: bank fraud

An appropriate fate — Ocean Bank fined $11 million for poor controls in latest fraud case

August 25, 2011 by Mike Byrnes     No Comments

As my grade 11 accounting teacher used to say, “It all comes out in the wash!” And he was right. Sooner or later, things have a way of “righting” themselves. When you’re in a tough situation and life doesn’t seem fair, this statement is not always easy to believe. But in my experience, somehow, in [Read More...]

Filed Under: Fraud Tagged With: bank fraud, cybercrime, FDIC

No such thing as a free lunch… particularly when dealing with a security breach.

July 25, 2011 by Mike Byrnes     No Comments

As most of you are well aware, as a remedy to try and help its customers, RSA is offering “free” tokens to replace their compromised devices.  Well, they’re really not free tokens; what RSA is willing to do is provide a new token with a limited-time license based on the remaining life span of a customer’s compromised [Read More...]

Filed Under: Identity Assurance Tagged With: bank fraud, RSA