Happy Holidays and Seasons Greetings From HomeATM!





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The 2008 Survey of Consumer Payment Choice


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As snow falls, online sales rise 13% over the last weekend before Christmas

Last weekend's big snowstorm helped online sales for the week post a 6% gain, making it the biggest single week in e-retail history, comScore says. Sales for the week ended Dec. 20 totaled $4.803 billion, compared with $4.532 billion during the comparable week last year. For the holiday season, e-retail sales are up 4%.



U.S. e-book content revenue will top $500 million next year, says Forrester

Through September retailers have paid publishers more than $109 million for U.S. e-book content, compared to $52.4 million for all of 2008. With e-books' strong growth, Forrester predicts overall e-book content revenues will top $500 million next year.



Consumers find crossing the channel frustrating, study finds

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The Top 10 Open Internet Moments of 2009

Huffington Post (blog) That means that stimulus money -- your money -- cannot be used by powerful Internet service providers to "manage," throttle or re-route you whenever you



Blackberry Network Recovering After Major Outage

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The Twitter Vet on Why Square Is What's Next

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Western Union launches new service to Philippines

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Montreal immigrants struggle to send cash home

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Consumer Fees: The Hits Keep Coming

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Feature Article:

Two-Factor Authentication Security Failing



According to Gartner, it's important that organizations adopt new approaches for combating attacks against the system of two-factor authentication, as per the news published by itbusinessedge.com on December 14, 2009.



Comments Avivah Litan, vice-president and noted security analyst at Gartner, in a newly published study named "Where Strong Authentication Fails and What You Can Do About It", that man-in-the-browser assaults based on Trojans are beating the strong authentication mechanism. This, therefore, demonstrates the possibility of defeating any authentication technique depending on communications through web browsers, Litan contends. EWeek.com published this on December 14, 2009.



As for examples of the two-factor authentication's failure, an instance is cited where malicious software rewrites the transactions that a user transmits to an online-banking site. Evidently, all this takes place in secret so that the user and the bank don't get to know about the altered data.



Significantly, as per Litan, these assaults have been using Trojan Zeus as well as other customized malicious codes.



Moreover, these assaults have repeatedly and successfully targeted several banks along with their clients across the world during 2009. While the chief targets are bank account details, the methods of these attacks are also employed in other sectors as well as applications which hold sensitive and precious data, Litan explains.



Litan further suggests that companies need to employ a three-pronged approach towards fraud prevention so that their consumers as well as accounts could be safeguarded. Mybroadband.co.za published this on December 14, 2009.



In the meantime, Litan recommends the use of fraud detection, which tracks the activity of users' access. The method works by seizing and examining the web-traffic of a user -assuming that the user works on a web-based application -including navigation, login and transactions. Further, it detects anomalies in access patterns such as application access by automated software instead of a human.



One more method recommended is tracking of suspicious transaction values. In this, a particular transaction is compared with the "normal" behavior profile of the concerned user(s). Litan also suggested verification of out-of-band user dealings.



Finally, security should be regularly updated to ward off cyber-crimes, experts said.

Posted by John B. Frank Friday, December 25, 2009

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Kapersky Calls for Mass Adoption of Card Readers

Kapersky Calls for Mass Adoption of Card Readers