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customers. One of our security stories was posted to social media site Reddit, where nearly 500 users commented. There were tales of shocking security abound. One user spoke of how their bank required only eight characters for their password, and that special characters weren’t allowed. Another added that their bank wouldn’t let them sign in from a different city, so he removed the “location” field from the front end and was let in anyway. “I dread to think what the backend isn’t authorising,” they wrote. Even the big banks aren’t at fault. A Wells Fargo customer testified that the password they use for online banking isn’t case-sensitive. It’s enough to make any IT professional weak at the knees.
I
IBS Journal had the pleasure of attending Money 20/20 Europe in June, and we were happy as ever to rub elbows with our journalist colleagues. Conferences should always be used by hacks to make contacts, get exclusives and nab some free champagne on occasion. They are decidedly not a lad’s holiday. Imagine our surprise when confronted by some fellow “professionals” chanting, glugging alcohol, harassing female event-goers for pictures and threatening to leave post-conference events if not brought enough booze. You can only get away with so much by wearing jeans and t-shirts and pretending to be part of the cool set, you know.
One of our staff was woken from her slumbers last week by the sound of a strange scraping noise outside her Essex home. Looking out the window she was unable to see anything but the loud noise continued. It was like a heavy garbage bin being dragged across a tin roof she told us . She then decided that the noise was coming from a railway footbridge that passed over the nearby railway lines. Deciding to do her civic duty she called the police who were not convinced that loud scraping noises really warranted much of their scrutiny on a Friday night when most of the rest of the police were trying to stop the vast drinking population of Essex from falling down, fighting, being violently ill or just being a nuisance. Next morning she got a call from the Police thanking her. They apprehended some youths who had pulled an ATM from the wall outside a local pub and dragged it almost a mile across the footpath where they were arrested as they argued about how to get to the contents. Fintech it wasn’t.
IN THE NEXT ISSUE
Feature Focus: Cyber security; IT security: the route to compliance, Digital transformation and cyber security
s it Halloween yet? Apparently so for US banking Diary JULY
5: Retail Paytech Forum, London
http://emergingpayments.org/events/
5-6: BankTech Asia 2017, Kuala Lumpur
www.banktechasia.com
SEPTEMBER
11-14: FinnovateFall, New York
http://fall2017.finovate.com/
26-27: BankTech Asia 2017, Manila
www.banktechasia.com
OCTOBER
4-5: PayExpo Europe 2017, London
www.payexpo.com
10-11: ATM & Cyber Security, London
www.rbrlondon.com
16-19: Sibos 2017, Toronto
www.sibos.com 17–18: 2nd
www.cefpro.com/lrmusa
22-25: Money 20/20, Las Vegas
www.money2020.com
NOVEMBER
28-29: Branch Transformation 2017, London
www.rbrlondon.com
For a comprehensive listing of industry events, visit our website:
IBS Intelligence is a prominent media partner of many fintech industry events worldwide. If you are interested in a media partnership with us and marketing opportunities
Please Contact:
Annual Liquidity Risk Mgmt, NY
www.ibsintelligence.com © IBS Intelligence 2017
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