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October 25, 2005

What Is Phishing?

O'Reilly has published an excerpt by authors Robert Miller and Min Wu from O'Reilly's new book Security & Usability. The article provides a great overview of phishing attacks, the techniques that phishers use, various defenses against attacks, and what the future might bring in term of controlling phishing.

The ideal defense against phishing might be an intelligent security assistant that can perceive and understand a message in the same way the user does so that it can directly compare the user's probable mental model against the real implementation and detect discrepancies.
The threat of phishing attacks succeeding was behind the FFIEC's recent guidance update to US banks regarding stronger authentication.

US Consumers Favor Electronic Payments

The American Bankers Association has announced the results of its 2005/2006 Study of Consumer Payment Preferences done in conjunction with Dove Consulting.

READ MORE »

Japan Credit Card Companies Form 'Mobile Wallet' Alliance

Reuters reports on a new alliance formed by Japan's credit card companies to promote a standard to allow use of mobile phones in lieu of credit cards.

he new organisation denied that its move was a reaction to NTT DoCoMo and Sumitomo Mitsui Card Co. Ltd.'s partnership and said it was open to everyone, but both the No. 1 operator and the No. 2 credit card firm were absent from the membership list.

The mobile transaction alliance has 39 member companies so far including Mastercard International Japan Inc., UFJ Nikos and Toyota Motor Corp. It expects to sign on 10 more companies including Fujitsu Ltd.

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