USA

Latin American Banks Warned Against Next Phase Of Cyber crime

Posted by on Oct 3, 2018 in Cyber crime, News, Software, USA | Comments Off on Latin American Banks Warned Against Next Phase Of Cyber crime

Latin American Banks Warned Against Next Phase Of Cyber crime

The past few years have been quite a challenge for the finance sector of Latin America. In a recent report published by Organization of American States or OAS, the series of cyber crime that infected the region has had its negative results. According to banker Leonardo Gonzalez Dellan, high profile cases have been reported this year. Banks that were reportedly victims of cyber crime are those from Chile and Mexico. Based on tips received, the source is traced back to North Korea.

The Organization of American States, however, clarified that it is only the tip of the problems because the group confirmed that nine in every ten banks all over the Latin America including the Caribbean has been subjected to cyber attacks. The most worrying fact is that 37 per cent of the said financial institutions admitted that they have been on the receiving end of one or more successful cyber attacks.

The published report includes data from 191 banks all over the region. It was presented in Washington, D.C. during the Cybersecurity Symposium organized by the Organization of American States.

In a statement by the general secretary of the Organization of American States, Luis Almagro, the rate of digitization is quite high in the financial sector, most especially the banking department. The number of bank customers that are employing electronic banking continues to rise each day. They use the internet to process transactions and utilize their mobile devices for payments.

Business models are changing in order to adapt the latest technologies and to make use of the digital channels available but there are also downside to these developments such as the risks presented by cybersecurity. Therefore it presents a new list of priority that must be given importance in order to prevent any attacks in the future.

According to 80 per cent of the banking institutions, the latest attacks are caused by malware or malicious codes on the software, 57 per cent said that clear desk policies are violated and 57 per cent is phishing. It is quite different from the time when Leonardo Gonzalez Dellan was still in the banking sector because technology was not so advanced then.

Read More

Manitoba To Accept Drivers License And Military Identification Cards As Proof Of Identity

Posted by on May 12, 2017 in Business, News, USA | Comments Off on Manitoba To Accept Drivers License And Military Identification Cards As Proof Of Identity

Manitoba To Accept Drivers License And Military Identification Cards As Proof Of Identity

In order to establish the identity of military personnel, Manitoba Public Insurance has decided to accept identification cards and driver licenses of military forces that have relocated to Manitoba and are now applying for a Manitoba identification card and driver’s license.

Before military cards are processed in the ID card printer and issued to the individual, the Department of National Defense requires the military personnel to undergo a stringent process that will establish and confirm identity. According to Crown Services Minister Ron Schuler, identification cards and drivers’ licenses that were issued by the Canadian Forces can satisfy any provincial identity requirements but with the exception of confirmation of address in Manitoba and legal entitlement to be in Canada.

According to Manitoba’s Special Envoy to Military Affairs, MLA Jon Reyes, military members and their families face this challenge whenever they move between provinces. Acceptance of their identification cards and drivers’ licenses is a positive step in their transition to Manitoba.

Ward Keith, vice president of Loss Prevention and Communications, Manitoba Public Insurance, said that the change is immediately effective and is now being adopted by Canadian jurisdictions that did not recognize the military identification cards anddrivers’ licenses as proof of their identity.

Manitoba has also introduced the “Support our Troops” specialty license plate series last 2015 to honor and recognize the commitment of the Canadian Forces personnel. In 2015, Manitoba also recognized commercial class military driver’s licenses for upgrade to equivalent class civilian driver’s license. The move of Manitoba Public Insurance is a logical extension of the policy.

The Support our Troops specialty license plates generated the sale of more than 2,200 passenger vehicle and motorcycle plates. The amount raised from the sales that reached almost $70,000 was used to sponsor local military and reservist personnel so that they can pursue post-secondary university or technical college education in Manitoba through Manitoba Military Scholarship Fund.

The specialty plates that are in circulation today are a simple way for Manitoba to express its gratitude to the Canadian Forces. The Support our Troops license plates are still available for $70 with $30 going directly to the military scholarship program.

Read More