Debating the Effectiveness of Authentication and Identification Systems

by Erin McCune on June 10, 2008

in Security

Chris Skinner contemplates payments risk and fraud prevention in anticipation of his Oxford Society style debate at the Financial Services Club (London). In preparation, he's posted the text of a speech on risk management. After the debate he'll post more (His post-debate write up is here). For now, here's an excerpt:

I would claim that, today, information about money is more important
than money itself.
These days, instead of robbing bank branches, I just
need to thieve identities, account numbers and passwords.

Until we resolve this conundrum, we will be stuck in this
never-ending vacuum of more and more electronic payment volumes
growing, with increasing risks of those payments being fraudulent.

Read the rest:

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