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Tag Archives: Security

“Eight is great” Slogan and Wells Fargo Account Scandal

On September 8, 2016, Wells Fargo announced that it was paying $185 million in fines to Los Angeles city and federal regulators to settle allegations that its employees created millions of fake bank accounts for customers. The fraud appears to have stemmed from CEO John Stumpf’s mantra to employees: “eight …

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Hackers Using Fake Cellphone Towers to Spread Android Banking Trojan

Chinese Hackers have taken Smishing attack to the next level, using rogue cell phone towers to distribute Android banking malware via spoofed SMS messages. SMiShing — phishing attacks sent via SMS — is a type of attack wherein fraudsters use number spoofing attack to send convincing bogus messages to trick …

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World Quality Report 2016 – Quality Assurance & Mobile Testing

Nowadays, more and more of an organization’s services are exposed to direct customer interaction. This is one of the biggest factors driving IT towards business goals such as decreasing time to market, increasing security, performance and customer satisfaction. This Capgemini Group report contains an analysis of quality practices across different …

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How to became a new bank customer with online contracting?

Kotak Mahindra Bank has launched ‘Kotak Now’, INDIA’s first digital account opening process on mobile. The end-to-end paperless, digital process involves verification of KYC (know-your-customer) documents and signature via a video call with the bank. No physical interaction or biometric verification is required and the account opening requires only a …

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How to Money Transfer in Mobile Banking Without Internet Connection

Cashless after demonetization but finding it difficult to pay digitally due to poor or no internet connectivity? USSD technology is the solution for you. Here’s what it is and how you can use it. However, this payment method can be used only for small value transactions up to Rs 5000 …

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What is Age Friendly Banking?

Older people tell us about a range of challenges that arise in using banking and payments systems. This article and linked report describes some of these challenges and how banks in the UK and USA have begun to address them. The featured case which is included the report studies show …

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Fraud : Credit Card Loss Protection Insurance Phone Scams

An old method but it continues. One company, offering credit card loss insurance, calls consumers and using scare tactics or misrepresentation says: they are a representative of your credit card company such as VISA or MasterCard; that you must have credit card protection; that they need to verify your credit …

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