Few enterprises could bear a $7.2bn loss caused by a "computer genius" avoiding company policies and controls. But for international bank Société Générale,...
Avivah Litan, information and security analyst at research firm Gartner, talks about the effectiveness of chip and pin bank card technology in combating fraud and the risks that may result from the introduction of faster payments.
Banks are used to arms races. In the 1960s and 1970s the easiest way to for thieves to get hold of a bank's money was to turn up in person at branches with a gun and demand cash. So banks placed their workers behind bulletproof glass. This forced the thieves on to the roads where the vans transporting cash became the main target. When the vans themselves were armoured it was the man walking from the van to the bank who became the target, he too was armoured.
The Home Office is considering radical plans to develop a centralised surveillance system to track in real-time every kind of electronic activity undertaken by citizens.