Chinese Government Wants to See Encryption Info

The German Lorenz cipher machine, used in Worl...

THE GERMAN LORENZ CIPHER MACHINE, USED IN WORLD WAR II FOR ENCRYPTION OF VERY HIGH-LEVEl info


Chinese Want to See Encryption Info

The Chinese government is looking to force security vendors to disclose their encryption information based on new regulations that will come into effect on Saturday. The regulations stipulate that companies selling products that fit into one (or more) of six categories must submit their encryption information to a government panel to receive a license to sell to Chinese government agencies, The Register reports.
EU and U.S. authorities are against the new measures, saying that handing over such information is “something companies cannot and will not do,” according to the president of the European Union Chamber of Commerce Jorg Wuttke.
It is still unclear if U.S. and EU companies would be required to reveal encryption techniques, which are available publicly, or cryptographic keys, which generally remain secret.


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Posted by John B. Frank Friday, April 30, 2010 0 comments

Chinese Government Wants to See Encryption Info

The German Lorenz cipher machine, used in Worl...

THE GERMAN LORENZ CIPHER MACHINE, USED IN WORLD WAR II FOR ENCRYPTION OF VERY HIGH-LEVEl info


Chinese Want to See Encryption Info

The Chinese government is looking to force security vendors to disclose their encryption information based on new regulations that will come into effect on Saturday. The regulations stipulate that companies selling products that fit into one (or more) of six categories must submit their encryption information to a government panel to receive a license to sell to Chinese government agencies, The Register reports.
EU and U.S. authorities are against the new measures, saying that handing over such information is “something companies cannot and will not do,” according to the president of the European Union Chamber of Commerce Jorg Wuttke.
It is still unclear if U.S. and EU companies would be required to reveal encryption techniques, which are available publicly, or cryptographic keys, which generally remain secret.


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Airline & Travel Payments Summit Early Bird Registration Ends Today

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iC3 Annual Report on Internet Crime Shows Total Dollar Loss More Than Doubles!

Executive Summary (partial)






The Web is No Longer Safe for Internet Transactions

Unless they are Conducted "OUTSIDE" the Browser
From January 1, 2009 through December 31, 2009, the Internet Crime Complaint Center (IC3) Web site received 336,655 complaint submissions. This was a 22.3% increase as compared to 2008 when 275,284 complaints were received.



Of the 336,655 complaints submitted to IC3, 146,663 were referred to local, state, and federal law enforcement agencies around the country for further consideration. The vast majority of referred cases contained elements of fraud and involved a financial loss by the complainant.



Total Dollar Loss More than Doubles Last Year



The total dollar loss from all referred cases was $559.7 million with a median dollar loss of $575. This is up from $264.6 million in total reported losses in 2008.   (see chart below) 



Unreferred submissions generally involved complaints in which there was no documented harm or loss (e.g., a complainant received a fraudulent solicitation email but did not act upon it) or complaints where neither the complainant nor perpetrator resided within the United States (i.e., there was not an appropriate domestic law enforcement agency for direct referral).



Click Here for an Interesting Read






Remember the Good Ole' Days (2001) when it was okay to type your number into a box in a browser?




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Posted by John B. Frank 0 comments

iC3 Annual Report on Internet Crime Shows Total Dollar Loss More Than Doubles!

Executive Summary (partial)






The Web is No Longer Safe for Internet Transactions

Unless they are Conducted "OUTSIDE" the Browser
From January 1, 2009 through December 31, 2009, the Internet Crime Complaint Center (IC3) Web site received 336,655 complaint submissions. This was a 22.3% increase as compared to 2008 when 275,284 complaints were received.



Of the 336,655 complaints submitted to IC3, 146,663 were referred to local, state, and federal law enforcement agencies around the country for further consideration. The vast majority of referred cases contained elements of fraud and involved a financial loss by the complainant.



Total Dollar Loss More than Doubles Last Year



The total dollar loss from all referred cases was $559.7 million with a median dollar loss of $575. This is up from $264.6 million in total reported losses in 2008.   (see chart below) 



Unreferred submissions generally involved complaints in which there was no documented harm or loss (e.g., a complainant received a fraudulent solicitation email but did not act upon it) or complaints where neither the complainant nor perpetrator resided within the United States (i.e., there was not an appropriate domestic law enforcement agency for direct referral).



Click Here for an Interesting Read






Remember the Good Ole' Days (2001) when it was okay to type your number into a box in a browser?




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American Express Replaces Visa at Macy's and Bloomingdale's

American Express CompanyImage via Wikipedia


INSIGHT: Amex replaces Visa at retail giant



US payment processing giant American Express (AMEX) has announced they are to replace Visa Inc., the world's biggest payments network, as the exclusive processor for US retailer Macy's and Bloomingdale's credit cards.



Read more at VRL



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