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Gabriel Nielsen

1 week ago

UK Banks Looking Into 'Next Generation' of Digital Cards to Help Combat Online Fraud


The digital bank cards have a security code that changes every 20 minutes.


A new form of digitally-enhanced bank card featuring an unpredictable three-digit security code is currently being analysed by UK banks and financial institutions as a way of combating increasing levels of fraud, according to security firm Gemalto.


The technology, which has been dubbed the "next generation" of payment card, is known as Dynamic Code Verification (DCV) and works by ditching the permanent three-number security strip code in favour of a digital readout that changes every 20 minutes.


Gemalto, which is developing a version of the technology, claims it will help to drastically slash the amount of card-not-present (CNP) fraud – when stolen bank card details are used to remotely make illicit internet, telephone or mail purchases.


"It means that you physically have to have the card in your possession in order to make a purchase online or over the telephone," Lysa Coombs, spokesperson for Gemalto, told Sky News.


"If you have simply harvested the card's details to commit fraud, you won't be able to do that as you won't have the up-to-date security code," she added.


Howard Berg, the firm's senior vice-president said UK banks are now accessing the advantages and disadvantages of the technology. "We are certainly seeing card holders like it [because] there's little change to the process they are currently using," he told Sky News.


A Gemalto brochure describing the technology stated: "[It] allows issuers to replace the static 3-digit visual cryptogram traditionally used for online purchases with a time based dynamic CVV/CVC displayed on the customer's payment card or on their mobile.


"The code changes every 20 minutes, dramatically enhancing the security level of online transactions."


According to an official report from Financial Fraud UK released in March this year, titled the 'Year-end 2015 fraud update', losses on purchases made remotely increased by 20% in 2015 (to £398.2m from £331.5m). It indicated the spike may be due to data stolen through "hacks and malware."


The research paper also noted: "Financial fraud losses across payment cards, remote banking and cheques totalled £755million in 2015 - an increase of 26% compared to 2014."


Tony Blake, a senior fraud prevention officer at the Dedicated Card and Payment Crime Unit, a police unit with links to Financial Fraud Action UK, the Metropolitan Police and the Home Office, said the new technology could help reduce online card fraud.


"It is a huge growth area and criminals are always looking at new ways to make money as more of us go online to do our shopping," he told Sky News. "The dynamically changing digital security number on the back of the card is one of the things in development which looks quite promising."

2 months ago

Review on Unified Message Switch (UMS): Public safety applications

Entrepreneurs and people involved in the government worldwide need to develop advanced relief and emergency response solutions due to the abrupt increase in natural calamities and disasters in the past few years.

Many private organizations also want to protect lives and as much as possible reduce the damages on properties. They’re also encouraging the public to be ready at all times in case of such events. They usually provide instructions on how to properly address immediate risks.

It is not only the responsibility of the government authorities to keep the safety of the public, but everyone else is entitled to their own safety as well as the safety of other people, especially their loved ones.

In order to manage risks brought by natural or human-induced disasters nowadays, many organizations are utilizing technology to help the public increase their capability in handling any risks. Improving the support and security of a community need people to become confident and have greater determination, and one factor that could affect this is having a life-support during any emergency situation wherein they can use technology as a tool to cope and to move on with any danger.

To be able to achieve efficient and faster transmission, Metropolitan Wireless International, being ingenious as ever, developed a Unified Message Switch (UMS) that allows users to send messages in different social media formats in one unified infrastructure. 

The system could be of great help to disaster management and other rapid-response situations since it provides crucial communication links. It also allows greater advantage and flexibility to particular messaging requirements in areas such as construction, medical service, police work, and transportation.

MWI holds to the famous saying, "prevention is better than cure" because they believe that with it, people could manage or minimize the damages caused by natural or human-induced disasters. Ensuring public safety entail communication as its vital part to make sure risks are managed with the least amount of time, cost and damage.

MWI's goal is to improve public safety through their creations, and the company has been providing advanced solutions for many years already. They have a firm experience that clients could depend on. Their history in developing solutions for the benefit of the public has been known with successful releases and is highly reliable. Each of their staff members is always dedicated to providing each customer the best service based on their shared values and trust.

4 months ago

IFC Commits up to $200 million to IFC Emerging Asia Fund to Invest Across Multiple Sectors in Asia

International Financial Corporation Securities Regulatory Commission World Bank Group

Washington, July 29, 2016—IFC, a member of the World Bank Group, has committed up to $200 million to the IFC Emerging Asia Fund (EAF), which this week reached a first close. IFC is joined by the Korea Development Bank (KDB) and the Fiji National Provident Fund (FNPF). 

Central to the EAF is mobilizing additional capital in emerging markets of the Asia region, given the scale of investment, innovation, technological development and employment creation required for sustainable development in many low and middle income countries in the region falls beyond the range of the public sector, making the private sector central to finding and financing the development solutions that are needed.   

Investments by the EAF will be aligned to IFC’s strategy for the region, which includes a focus on addressing the infrastructure deficit, and at the same time it will also help investee companies raise standards, improve risk mitigation and generate value.   

“We are excited by the equity opportunities we see in emerging Asia and delivering further development impact through our clients,” said IFC Regional Director East Asia and Pacific, Vivek Pathak. “We are very pleased that major institutional investors such as KDB and FNPF are partnering with us to further IFC’s support of private sector development.” 

The new global architecture for international development, the Sustainable Development Goals, launched at the United Nations in 2015, highlights that financing sustainable development requires low and middle income countries tap new sources of capital from both private and public sources, including leveraging global private capital to most skillful effect. 

Two thirds of the world’s poorest people live in emerging Asia and yet it is the engine room of global growth being the fastest growing region and the largest continental economy by GDP in the world. This growth is a function of favorable dynamics such as the continued need for enhanced infrastructure, the emergence of a rapidly growing middle class and commitments by many governments in the region to political and economic reform.  Combined, these dynamics have created significant opportunities for investment in the region including China, India, Indonesia, Philippines and Asian frontier markets such as Vietnam and Myanmar. 

About IFC

IFC, a member of the World Bank Group, is the largest global development institution focused on the private sector in emerging markets. Working with more than 2,000 businesses worldwide, we use our capital, expertise, and influence, to create opportunity where it’s needed most. In FY15, our long-term investments in developing countries rose to nearly $18 billion, helping the private sector play an essential role in the global effort to end extreme poverty and boost shared prosperity. For more information, visit

4 months ago

Hamilton Marsden Shop Review: Tips for taking care of bespoke furniture

Most homeowners today prefer to extend the lifespan of their bespoke furniture and maintain its appearance and functionality to treasure them for many more years to come. Due to the climatic conditions of your home, wood is often prone to changes in movement and color because of its natural characteristics. Eric Earl Hamilton Marsden will provide specific tips on how to take care of bespoke furniture made from wood in the subsequent paragraphs. Following these simple tips prepared by the team will help you reduce the damaging effects of such changes to your bespoke furniture. 

Avoid direct sunlight

Eric Earl Hamilton Marsden's review regarding this matter was discussed in their previous posts, but the team will elucidate again the importance of keeping away your furniture from direct sunlight. It is apparent that there are damaging effects to the furniture once it is exposed to direct sunlight for a long period of time such as cracking and expansion. Shrinkage can also happen to the furniture if the wood dries out because of heat. Strong sunlight can result to bleaching and crumbling of the finish applied to the furniture. The use of shades, blinds and shutters are recommended to control the effect of sunlight to your furniture.

Maintain proper humidity

To keep the wood in good condition, do not let it dry out because it needs a good amount of moisture since it is partly composed of water. If the climate is in average condition, keeping a small bowl of water or a plant in the same room is enough for your furniture. But if the weather is very dry, a humidifier is needed to maintain the proper humidity of your home.

Keep out on sources of heat

Placing your bespoke furniture near or front of radiators, open fires or any other source of heat is not advisable. Turning on or off the sources of heat can result in a change in temperature which can greatly affect the dimensional stability of the bespoke furniture. As previously stated, heat can dry out the furniture and it is not good for its condition.

Use coasters or mats

Don't place hot or cold drinks, plates and crockery directly on the wooden furniture. It’s better to use coasters or mats under such items because even a glass of water can cause damage to the furniture due to the moisture condensing from the air around and underneath the glass entering the surface and causing discoloration. 

Put protective pads under fixed items

You should put protective cork or felt pads fitted underneath the items that you are using for decorating your home such as bowls, figurines, ornaments, and vases, which are sitting on the furniture for a long period of time. It's also wise to regularly move such items to prevent any discoloration on your bespoke furniture.

Clean regularly

You can remove marks on the bespoke furniture by using a lightly moistened cloth, and dry it with another cloth such as a soft microfiber cloth. Eric Earl Hamilton Marsden recommends dusting regularly to maintain the good condition of the furniture.

Quickly handle spillages

Use a clean and lightly moistened cloth to remove spillages of drinks or food on your furniture, and then dry the surface with a clean dry cloth. You must act quickly when there are spillages on your furniture because it will be impossible to completely remove them once they are left alone for a long period of time.

Silicone spray polishes are a no-no

After a certain period of time, aerosol spray polishes that contain silicone will just have a bad effect on the finish of bespoke furniture, so it's better not to use them on your furniture.

Don't use abrasive or chemical cleaners

Instead of using abrasive cleaners such as a cream cleaner, it's better to consult the maker of the furniture when your furniture needs careful attention because once those cleaners are applied to the furniture they will remove a thin layer of the material. You should not also use chemical cleaners such as stain removers and solvents on your bespoke furniture.

Control the temperature and humidity

Taking care of bespoke furniture is easy if you just keep the temperature and humidity of your home at relatively stable levels throughout the year.

In addition, Eric Earl Hamilton Marsden suggests following some tips on buying online to help you find quality bespoke furniture that will surely last for several years. It's simple to take care of bespoke furniture, simply follow those tips mentioned above and you will surely enjoy your furniture for many more years.

5 months ago

International Organization of Financial Securities Regulatory Commission: We comment on IOSCO's non-GAAP financial measures proposals

Deloitte Touche Tohmatsu Limited has responded to the International Organization of Securities Commissions' Consultation 'Proposed Statement on Non-GAAP Financial Measures'. We support addressing the issue of non-GAAP financial measures at a global level as it is pervasive, and believe it is in the best interests of global securities markets if the proposed statement applied consistently in all IOSCO jurisdictions and is not overlaid with local guidance.

The comment letter makes a number of additional points, including:

•    For the proposed statement to have maximum effect, we encourage IOSCO to develop a common definition of 'non-GAAP financial measure' and to determine which such measures should be subject to the common discipline
•    It is important for the efficient operation of global capital markets that national and regional guidance is consistent and does not contradict the requirements of globally-recognised financial reporting frameworks
•    We agree that the proposed statement should apply to 'any non-GAAP financial measure wherever the measure is disclosed outside of the financial statements' as it recognises standard-setters' responsibility in relation to financial statements, and is a way of achieving consistency in the use of non-GAAP financial measures across the annual report as a whole, but suggest that IOSCO works with the IASB to clarify what is considered to be an 'IFRS measure'
•    We encourage IOSCO to determine a consistent scope, application and enforcement of the proposed statement, as it is assumed that it would encompass information on websites and other non-regulated information, and some securities market regulators regulate press releases and web-based material, but others do not.


5 months ago

Heimdal Security Company: 41 Amazing Internet Security Blogs You Should Be Reading


How do we stay up-to-date with the latest security news? Where do we find the best security solutions to fight malware? Who can we follow to learn about the latest threats and online attacks so that we can protect ourselves?

With security in our minds, no matter we are common people or a big company name, we need to understand technology if we want to prevent data loss and privacy breaches.

But with so many security blogs out there, which one should we follow?

We have put together a list of security blogs from independent individuals and big names in the IT industry, so that you can benefit from their knowledge and insight. Therefore, if you need best practices, how-to articles, online safety research or the latest security news, feel free to bookmark this article and access it whenever you feel necessary.

1. Krebs on Security

Brian Krebs is the man behind Krebs on Security. Being hacked himself in 2001, he takes a personal interest in online security and is one of the well-known names in today’s security landscape. He covers topics from latest threats, privacy breaches and cyber-criminals to major security news.

2. Schneier on Security

Bruce Schneider is probably the most well-known name that you can recognize in our list, and was even called a “security guru” by The Economist. He wrote books, hundreds of articles, essays and security papers on security matters. At the same time, he is a known figure in the media environment which recognize him as an important voice for the online security, not only for his knowledge on the matter, but also because he knows how to express his opinions.

3. TaoSecurity

This security blog is run by Richard Bejtlich, Chief Security Officer at Mandiant and author of many books on security. With an extensive background on cyber-criminal world and malicious attacks on enterprise networks, he shares his experience on digital defense, network monitoring and detection on his security blog. Since a great number of network attacks come from China, he is specialized on Chinese online criminals.


This is the official website of the Department of Homeland Security, from USA.

Though it is not a classical security blog, its purpose is to improve Internet security by providing specialized and well detailed information on cyber-criminal activities, malware, phishing attempts and online threats. To use their own words: “US-CERT strives for a safer, stronger Internet for all Americans by responding to major incidents, analyzing threats, and exchanging critical cyber-security information with trusted partners around the world.”

5. Dark Reading

Dark Reading is a widely-read cyber security site that addresses professionals from the IT environment, security researchers and technology specialists. They use their experience and knowledge to provide articles, recommendations, news and information on IT security.

6. CIO

CIO is the place where you find news, information technology articles, insight and analysis on major data breaches and online threats. Covering multiple aspects of world wide web, it provides in-depth, content rich information for IT professionals and normal users.

7. Network Security Blog

Martin McKeay is the voice of this security blog, where you can find information and news on privacy and security issues. As Martin says: “I took up blogging as a means to extend my knowledge and test my ideas about security…”.

8. Security Watch with Neil Rubenking

Known for his direct and witty style, Neil Rubenking is the man you have to listen if you search for technical advice on the main security solutions, from firewalls, antivirus and antispam products to full security suites. Detailed reports and sharp analysis of security programs place him be on your follow list if you look for this type if information.

9. Paul’s Security Weekly

Paul’s Security Weekly, founded by Paul Asadoorian, brings you security news, useful technical articles, research studies and valuable information on hacking and cyber-crime through various channels, from blog posts, videos to podcasts.


One of the most popular sites in the software industry, PC Magazine comes with reviews and studies on the latest products for online security. For an objective analysis of a product you may be looking, don’t forget to look for the dedicated article on this website.

6 months ago

How to report fraud - Global Singapore Visa processing tips

How do I report immigration fraud?

Call the Canada Border Services Agency (CBSA) Border Watch Toll-Free Line at 1-888-502-9060 to report:

•    suspicious border activity,
•    a marriage of convenience,
•    a person who has given false information on any immigration application or
•    a person wanted on an immigration warrant. 

What you tell the tip line is private.

How do I report citizenship fraud?

You can report a person who:

•    pretended to live in Canada to become a citizen or
•    hid information about their case.

In Canada, you may contact the Call Centre and choose the citizenship fraud tip option in our automated telephone system.

Outside Canada, contact your nearest Canadian visa office.

You can also email tips to

How do I report Internet, E-mail or Telephone scams and fraud?

If you or someone you know may have been the target of a telephone, internet, email or other type of scam and unwittingly provided personal or financial information you should:

In Canada, contact the Royal Canadian Mounted Police Canadian Anti-Fraud Centre.

Toll-free: 1-888-495-8501
Toll-free fax: 1-888-654-9426

Outside Canada, report the scam to your local police.

How do I report a possible victim of human trafficking?

If you or someone you know is a victim, contact your local police.

To report a crime without saying who you are, call Crime Stoppers at 1-800-222-TIPS (8477). Do not take the law into your own hands or take part in any illegal activity.

7 months ago

Avoid Online Holiday Booking Scams by Bacall Associates

How to avoid online holiday booking scams

The post-Christmas rush for holiday bookings is in full swing, as are reports of fraudulent travel companies operating online. Do you know what to look out for to avoid being scammed?

The growth of holidays and flights available on the internet has provided a wealth of opportunities for the travelling public but it has also provided opportunities for fraudsters. At the start of each New Year fraudsters steal millions of pounds targeting holidaymakers who book their summer holidays online.



The criminals scam unsuspecting members of the public by posing as online travel agents and setting up fake travel booking websites. They can make large sums of money by taking payments for holiday, hotel and flight reservations that do not exist. This is common for bookings related to high profile events as well as holidays.

As a result, individual consumers are losing up to tens of thousands of pounds on phone bookings. They often do not discover they have been ripped off until it is too late and are unable to afford a replacement holiday. This has an impact on the health of the victims, as well as on their purses, due to added stress and worry.

The Association of British Travel Agents (ABTA) has seen an increase in customer inquiries relating to fraud during January, the most popular month for consumers to search for cheap holiday bookings. In response, the association has released a helpful guide to the warning signs of fraud online.


1. Prices that is considerably lower than competitors 
Although prices may vary slightly amongst different agents, flight and holiday prices are largely set and it is unlikely that one is drastically cheaper and genuine.

2. Low resolution and blurry logos for trade associations and credit card companies 
If you are unsure, check with the protection organization or trade body that the company is still licensed to trade.

3. The only payment option is a bank transfer 
This indicates that no bank is prepared to provide credit card facilities, but paying by credit card will protect your money.

4. Non-receipt of tickets 
Always check the paperwork and be wary of companies that don't give any.

5. Check customer reviews and the website address 
If a company is defrauding people, there is a good chance that consumers will post details of their experiences and warnings about the company online. An illegitimate website can be spotted by a slight change in the website domain.

Above all, always use your instincts. The sad truth is that if something seems too good to be true, it probably is. So the next time you want to book an exciting getaway online, take on board ABTA's warning signs to escape the scammers.

7 months ago

Bacall Associates: Booking Online - Airline & Hotel Travel Scams

While booking plane tickets and hotel rooms can be pretty straightforward, it’s important to know exactly who you’re dealing with. At first glance, some websites may seem like the real deal, but they’re not. Peter Greenberg explains how to recognize when a site is running a scam—and gives his advice on how you can avoid them.

Online Hotel Booking Scams

Every day, American consumers book 480 hote l rooms per minute online. A majority of those online bookings are done through reputable OTAs—Online Travel Agencies—such as Expedia, Orbitz, Travelocity, and Kayak.

But a growing number of bookings are made on confusing third party websites that sound legitimate, but aren’t. There are about 2.5 million questionable bookings, representing more than $220 million in revenue.

It all comes down to websites that often pop up as paid advertising in search results and appear—some say in a deceptive way—similar to a hotel’s actual booking website. Many even prominently display hotel logos while minimizing the appearance of their own logos.

Essentially, these are third party websites trying to pass themselves off as actual hotels. So a growing number of consumers think they are booking a room directly at a Hilton hotel—offering great reduced rates—and it turns out they’re totally out of luck.

The images on the website may look like a brand such as a Hilton created them—as well as the quoted rate. But if you study the top of the ad, the number listed is not for the hotel, but rather for the third party website. So you may think you’re calling the hotel, but in reality, you’re not.

Then you arrive at the hotel to discover your reservation never actually existed, or the room you asked for doesn’t exist…even though you’ve already paid for the room.

Or, you may have a valid room reservation, but then discover that the hotel never got your request for two double beds, or a no smoking room or a handicapped accessible room. Worse, the rate you were quoted doesn’t exist, but your credit card was charged.

Or you find out you then can’t cancel the reservation, and these sites rarely have customer service centers.

Some go by the name of “,” or “” At first glance it seems like these websites belong to Hilton, but they don’t.

Translation: the AHLA (American Hotel and Lodging Association) claims that these third party websites are attempting to pass themselves off as the actual hotel. Earlier this week, five members of Congress sent a letter to the U.S. Department of Justice asking them to investigate the ongoing problem.

Peter’s Advice

Understand what a third party website is. Expedia, Priceline, and are not third party sites, they are aggregators that get their inventory directly from the hotels themselves.

Watch what happens when you search online. More often than not, these questionable websites show up in search results as paid ads. Do not click on them.

This can also apply to 1-800 toll-free numbers for “reservation centers” that want you to think you are calling Marriott, for example. But they are simply a third party site that will offer to make you a reservation for a Marriott.

Red flag.

The economic reality here is that the mainline hotels want you to book their websites only—let’s not forget there’s a profit motive here. What I am telling you to do is this: before you book on any third party website, have a conversation directly with the hotel itself. Ask them to verify that the website is valid, and perhaps just as important, that the rate they are offering is also valid.

The Airline Ticket Scam

Like the hotel booking problem, these online scams—which most recently surfaced in late 2013—are counting on logo and brand confusion.

9 months ago

Escrow Services of Mossack Fonseca

Escrow Services of Mossack Fonseca

We offer these services optimally fulfilling the conditions and times established in contracts Escrow. We follow comprehensive risk management policies, safely and accurately providing solid and tailored solutions for our clients.


Escrow services can help facilitate payments related to property transactions, mergers and acquisitions and access to capital, among other functions.


Established in 1977, the Mossack Fonseca Group is a leading global company which provides comprehensive legal, trust and accounting services.


Our service and research-oriented professionals specialize in trust services, wealth management, international business structures, and commercial law, among other areas.


Our product and service portfolio is constantly updated and renewed, enabling the Group to find the appropriate solution for your business. We offer research, advice and services for the following jurisdictions: Belize, The Netherlands, Costa Rica, United Kingdom, Malta, Hong Kong, Cyprus, British Virgin Islands, Bahamas, Panama, British Anguilla, Seychelles, Samoa, Nevada, and Wyoming (USA).