Security Articles

IM Providers Race to Address Identity Problem
As the instant messaging offerings of various vendors start to show signs of becoming more interoperable, Wall Street users have an important role to play. They need to ensure that the system that eventually develops allows for identity authentication.
Securities Industry News Feature (October 2003)

HP Protects Linux Users; Will Other Vendors Follow?
Hewlett-Packard's announcement last week that it will indemnify Linux users against potential legal liabilities, starting Oct. 1, represents a major move that will aid Street firms in their migration to Linux and pressure other vendors to match HP.
Securities Industry News Feature (September 2003)

The Downside Of Web Services: Security Risks
As Web services proliferate across Wall Street, new security vulnerabilities will also appear, experts warn. The first and most obvious concern is the lack of common security and transaction standards. "Because of the stage of maturation of the security standards, you have to be very selective about how you use Web services outside of the enterprise," said Merrill Lynch CTO John McKinley. Merrill Lynch has been on the leading edge this past year in deploying Web services in the enterprise, and has joined the Web Services Interoperability Organization, an industry group, in order to bring a Wall Street user perspective to standards development.
Securities Industry News (December 23, 2002)

Tools Help Fend Off New Net Attacks
In protecting the enterprise from ever-escalating assaults from hackers within and without, corporate security pros now have a new weapon-smart devices that can detect even never-before-seen attacks. Ever on the front line, financial firms, including the New York Mercantile Exchange, are among the early adopters of this new technology.
Securities Industry News (November 2002)

Data, Disaster Recovery Driving 10-Gigabit Ethernet
With the approval of 10-gigabit Ethernet as a standard for transmitting data over networks earlier this summer, vendors have already begun rolling out products, though many customers are waiting for prices to drop.
Securities Industry News (September 2002)

Backup site saved Nybot
The New York Board of Trade (Nybot), which was located in 4 World Trade Center, lost its trading floor on Sept. 11. If a small, two-ring trading floor had not been previously built in Long Island City for just such an event, the exchange would have gone out of business permanently.
Securities Industry News (September 2002)

Alliance Proposes ID Standard
The tantalizing goal of intra-company-and cross-company-integration got a step closer last week with the release of a new authentification and identity standard from Liberty Alliance.
Securities Industry News (July 2002)

When Passwords Are Not Enough for Security
If cyber movies have taught Wall Street security experts anything, it's that passwords by themselves can't keep bad things from happening.
Securities Industry News (July 2002)

Solaris 9 Promises More Security, Web Services Support
Sun took a step forward in the emerging area of Web Services last week when it announced that support for the technology will be directly integrated into the latest release of its Solaris operating system.
Securities Industry News (May 2002)

Distributing Data Can Save Time, Money- Maybe a Company
This year and next marks an inflection point for the storage marketplace on Wall Street. For the first time ever, firms are starting to look more toward networked storage when they buy new systems.
Securities Industry News (May 2002)

Experts Warn of New Security Vulnerabilities
Hackers will soon have a new kind of soft spot to target-Web services.
Securities Industry News (April 2002)

Linux system targets Infrastructure's Heart
Linux is rapidly becoming the best-kept secret on Wall Street. Although few companies want to talk about it, many are reportedly using the open operating system to lower the cost of their Web infrastructure and to run high performance computing applications.
Securities Industry News (March 2002)

Completely Redundant
From the moment it was proposed, there were skeptics. People wondered why the New York Board of Trade needed to maintain a backup trading floor at a cost of $300,000 a year. After all, typically not even major exchanges have such sites.
E-Securities (October 2001)

Contingency Plans in the Spotlight
The Sept. 11 attacks demonstrated clearly-and tragically-that disaster-recovery planning is not a luxury, but a necessity in today's world. But it also highlighted flaws and weaknesses in many long-established plans.
E-Securities (October 2001)

Radianz, Global Crossing Find Redundancy Pays
With redundant systems and quick response procedures, both Radianz and Global Crossing Ltd. got their customers up and running quickly after Sept. 11.
Securities Industry News (September 2001)

Wall Street Firms Look Externally for Web Security
The Code Red worm didn't do as much harm as expected during its infestation earlier this summer.
Securities Industry News (August 2001)

Visa offers to help e-merchants meet new security guidelines
Visa U.S.A. announced a program under which it and the banks that issue its credit cards will provide assistance to online retailers that need to comply with a set of security guidelines taking effect in May.
Computerworld News (March 2001)

VeriSign Error Releases Customer E-Mail Addresses
In what it called an "administrative error," one of the Internet's best-known security and identity companies, VeriSign, released a list of e-mail addresses of more than 5,000 customers.
Computerworld News (December 2000)

Police Arrest E-Bank Robbery Suspects
British police arrested three men last week who attempted to rob an online bank, London's Egg. Other Internet banks were also targeted, police said, but they wouldn't release details.
Computerworld News (August 2000)

Bankers Group Pushes Its Seal of Approval
In the wake of a recent warning by the Office of the Comptroller of the Currency about fake bank sites conning customers out of private information, the American Bankers Association has launched a campaign to increase awareness of the availability of its online seal of approval for banks.
Computerworld News (August 2000)

Visa issues 10 'commandments' for online merchants
Visa U.S.A., in a push to curb online credit-card fraud, announced 10 requirements for online merchants to follow to protect cardholder information.
Computerworld News (August 2000)

Bankers group tries to increase use of Web site seal
In the wake of a government warning about fake online banking sites, the American Bankers Association is launching a campaign to increase awareness of a seal of approval that it says can be used to separate the real banks from the fake ones.
Computerworld News (August 2000)

Feds Warn of Fake Sites
Spoof Web sites that closely mimic those of real banks can fool consumers into giving away their account numbers and access codes, warns the Office of the Comptroller of the Currency.
Computerworld News (July 2000)

Bankers to Offer Online IDs
The American Bankers Association has announced the launch of TrustID, an authentication system that promises to address the problem of identifying individuals or businesses on the Internet and to ensure that electronic documents aren't changed after they have been electronically signed.
Computerworld News (July 2000)

Visa Program to Fight Online Fraud Debuts
Amid increasing concerns about online credit-card fraud rates, Visa has come up with a two-part plan to address the problem. The first part, a payment-authentication program, was launched late last month. The second part, a series of security standards that merchants will be asked to follow, is expected to take ...
Computerworld News (July 2000)

Fake bank Web sites trick consumers into giving up personal data
"Spoof" Web sites that closely mimic a real bank's can fool consumers into giving away their account numbers and access codes, warns the Office of the Comptroller of the Currency.
Computerworld News (July 2000)

American Bankers Association to offer online authentication
The American Bankers Association is planning to announce the launch of TrustID, an online identification system that's expected to be used by banks to authenticate digital signatures.
Computerworld News (19 July 2000)

E-mail hoax panics Canadian credit-card customers
Hacker sends bogus warning to 10,000 that their credit cards were compromised from a Canadian electronic dealer's database.
Computerworld News (June 2000)

Network glitch delays London Stock Exchange opening eight hours
A glitch in a network that sends real-time price information and other data from central trading systems to market users forced the London Stock Exchange to extend its trading hours.
Computerworld News (April 2000)

SEC alleges Internet insider trading ring
A word processing temp at Goldman Sachs and Credit Suisse First Boston is accused of being the linchpin in an Internet trading scam that enabled 19 people -- including himself -- to make $8.4 million in illegal tips.
Computerworld News (March 2000)