Friday, January 23, 2009

World Economy Crash

These days you might be willing to be everything but a bank, or at least stay away as far as possible from anything just remotely looking like money. The world is in bad shape as it is with the credit crunch and the recession taking its toll, but I am noticing a rise in bad tidings as well.

Security Plan leak

Todays latest news is that the security plans for the renovated Dutch Ministry of Finance have accidentaly thrown out with the garbage in december. The plans contain checklists of camerapositions and many more details. (source

Credit Leak

Earlier this week, on tuesday, Ars Technica reported that millions of US Credit Card details may have fallen into the wrong hands.

...payment processor Heartland Payment Systems has potentially leaked up to 100 million credit and debit accounts into the black market. That number, if verified, would make this the largest data breach on record. It also means the United States has managed to set two national records in the same day. Guess which one folks are paying attention to? Awful convenient, that.

The giant leak may have been a result of a malware infestation, but according to the Ars Technica report, Heartland doesn't really know what really happened. That's hopefull (not!)

Russians launching attack on Dutch Internet Banking System

Another troublesome newsitem was reporting that the Russians are planning an attack on the Dutch Internet Banking system last monday.

According to the article Russian gangs would be increasing their activity in the Netherlands and other European countries according to Ultrascan, a financial research institute.

Ultrascan says the criminals are looking for ways to hack the banks systems, already probing the ABN Amro Wincor Nixdorf cash registers and are installing skimming software all over Europe as well as having developed software to launch an all out out attack on Internet Banking. According to the research institute the current operations appear to be unprecedented and urge banks to take precautionary measures.

Amidst a credit crunch and a recession where we see thousands of jobs disappear and billions of dollars evaporate due to bad banking, it is extremely sad to see leaks and security breeches on top of that. Our money is melting fast, too fast to handle for some. Maybe it's time to reconsider the gold standard?

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