Most Active Articles 2009-11-26T00:01:22.249-05:00 Business Exchange Business_Exchange@businessweek.com urn:com:businessweek:bx:topic:most-active:european-e-commerce Sanna Kaartinen skaartinen948 urn:com:businessweek:bx:article:8188445239529262393-99a0e073ac60125d5becf5d64760314b 2009-10-15T05:44:08.556-04:00

SEPA Direct Debit will be in use 2 November. As a result, all direct debits, whether domestic or cross-border, will be provided under the same essential conditions and modalities throughout the SEPA area.

SEPA Direct Debit will be in use 2 November. As a result, all direct debits, whether domestic or cross-border, will be provided under the same essential conditions and modalities throughout the SEPA area. http://europa.eu/rapid/pressReleasesAction.do?reference=SPEECH/09/466&format=HTML&aged=0&language=EN&guiLanguage=en Sanna Kaartinen skaartinen948 22 19 1 2 urn:com:businessweek:bx:article:8090270056167250215-6718dcf2fec53fc105b0b1fd18293cc9 2009-10-14T21:39:44.643-04:00

Kudos to the Finnish government, which has just introduced laws guaranteeing broadband access to every person living in Finland (5.5 million people, give or take). This is reportedly a first worldwide.

Kudos to the Finnish government, which has just introduced laws guaranteeing broadband access to every person living in Finland (5.5 million people, give or take). This is reportedly a first worldwide. http://www.techcrunch.com/2009/10/14/applause-for-finland-first-country-to-make-broadband-access-a-legal-right/ Thomas Huynh thuynh381 7 4 1 2 urn:com:businessweek:bx:article:17447902792613960685-bee9a58b9d174476a8ddaab2db7aa35d 2009-10-14T16:54:43.951-04:00

Online shopping market is growing in Poland despite the crisis. In the first half of 2009, 32.11% of Polish e-stores reported an increase in sales in comparison with the equivalent period of last year, according to a recent report presented by IAI-Shop.com.

Online shopping market is growing in Poland despite the crisis. In the first half of 2009, 32.11% of Polish e-stores reported an increase in sales in comparison with the equivalent period of last year, according to a recent report presented by IAI-Shop.com. http://www.ceeretail.com/next.php?id=76338 Sanna Kaartinen skaartinen948 8 6 1 1 urn:com:businessweek:bx:article:8483376359775406214-398b61eb5ba004c67201b2420d7d710f 2009-10-12T17:17:21.498-04:00

...but 39% of Brits think nothing of lashing out £1,000. New research finds that "it's the little differences" that define ecommerce in Europe, with the French looking for product comparison and deals while the Germans like the efficiency of buying online.

...but 39% of Brits think nothing of lashing out £1,000. New research finds that "it's the little differences" that define ecommerce in Europe, with the French looking for product comparison and deals while the Germans like the efficiency of buying online. http://www.internetretailing.net/news/half-of-europeans-wont-spend-more-than-20ac50-online Sanna Kaartinen skaartinen948 8 6 1 1 urn:com:businessweek:bx:article:4377599607813259603-9bcef4ccf823bdc3459f3450345626f6 2009-10-24T14:02:25.081-04:00

Some 60 percent of online orders are rejected when they are placed in another EU country than the one where the retailer is located. Shoppers from Romania, Bulgaria, Latvia and Belgium face particularly high rejection rates, data released by the...

Some 60 percent of online orders are rejected when they are placed in another EU country than the one where the retailer is located. Shoppers from Romania, Bulgaria, Latvia and Belgium face particularly high rejection rates, data released by the... http://www.businessweek.com/globalbiz/content/oct2009/gb20091023_435877.htm Andy Reinhardt areinhardt626 4 4 0 0 urn:com:businessweek:bx:article:7288802428816493750-48ea4cb382247cf07fafff5d5d170e65 2009-10-03T16:28:07.842-04:00

“No one is to be trusted,” said X-Force Director Kris Lamb. “There is no such thing as safe browsing. We’ve reached a tipping point where every web site should be viewed as suspicious and every user is at risk.”

“No one is to be trusted,” said X-Force Director Kris Lamb. “There is no such thing as safe browsing. We’ve reached a tipping point where every web site should be viewed as suspicious and every user is at risk.” http://pindebit.blogspot.com/2009/08/ibm-unprecedented-state-of-web.html John B. Frank jfrank160 3 3 0 0 urn:com:businessweek:bx:article:10216415879255654360-4caaea11f01ae175747254abbe2007e7 2009-09-11T02:45:35.626-04:00

More than half of websites selling electronic goods and tested in an EU investigation were breaking European laws aimed at protecting consumers, according to the analysis of 369 websites selling mobiles, DVD players and games consoles in 28 European countries.

More than half of websites selling electronic goods and tested in an EU investigation were breaking European laws aimed at protecting consumers, according to the analysis of 369 websites selling mobiles, DVD players and games consoles in 28 European countries. http://news.bbc.co.uk/2/hi/business/8245799.stm Sanna Kaartinen skaartinen948 6 5 1 0 urn:com:businessweek:bx:article:3636613525687230104-ee6df60ba3be4b742f5d12d5db3e3a17 2009-10-03T17:26:34.862-04:00

A study from fintech vendor Fiserv found that bank customers who pay bills online are over 15% more profitable and 76% more loyal than those who don't.

A study from fintech vendor Fiserv found that bank customers who pay bills online are over 15% more profitable and 76% more loyal than those who don't. http://pindebit.blogspot.com/2009/08/bank-customers-who-pay-bills-online-15.html John B. Frank jfrank160 1 1 0 0 urn:com:businessweek:bx:article:11726617677703197700-7eae1cc0ad21477620d64d983a8d750e 2009-08-13T16:55:21.650-04:00

Almost half of Europeans use the internet every day but one third – mainly the elderly, the unemployed or people in rural areas – have never used the web, according to a new European Commission report.

Almost half of Europeans use the internet every day but one third – mainly the elderly, the unemployed or people in rural areas – have never used the web, according to a new European Commission report. http://www.businessweek.com/globalbiz/content/aug2009/gb2009087_102421.htm?chan=globalbiz_europe+index+page_technology Sanna Kaartinen skaartinen948 8 6 1 1 urn:com:businessweek:bx:article:8997748233717169461-7c4ae63ac4caa28ef8af3461916eeb1e 2009-09-04T04:56:45.561-04:00

The European Commission is proposing legislation to combat cross-border VAT fraud with a new database.

The European Commission is proposing legislation to combat cross-border VAT fraud with a new database. http://www.europeanvoice.com/article/2009/08/commission-wants-database-to-tackle-vat-fraud/65700.aspx Sanna Kaartinen skaartinen948 3 1 1 1 urn:com:businessweek:bx:article:2999412498160746570-e4f4e28a1ac6eb4fbe28137e61feb4a1 2009-10-03T17:34:30.108-04:00

If you think the new security system acts like a guarantee providing for cover against online frauds, then you are treading on wrong turf.

If you think the new security system acts like a guarantee providing for cover against online frauds, then you are treading on wrong turf. http://pindebit.blogspot.com/2009/08/type-of-bull-crap-that-passes-as.html John B. Frank jfrank160 3 2 0 1 urn:com:businessweek:bx:article:18013076780639868609-01a4e62bf71ce71bc148e208ef43c410 2009-10-03T15:47:18.253-04:00

Victims of electronic checking and/or savings account transfer fraud were almost five times more likely to change banks due to security concerns, compared to the average consumer, according to the report. "From a bank point of view, this is really causing customer churn," she said. "It's costing them customers."

Victims of electronic checking and/or savings account transfer fraud were almost five times more likely to change banks due to security concerns, compared to the average consumer, according to the report. "From a bank point of view, this is really causing customer churn," she said. "It's costing them customers." http://pindebit.blogspot.com/2009/09/lack-of-online-bankinig-security.html John B. Frank jfrank160 2 2 0 0 urn:com:businessweek:bx:article:9989930138878082118-416a913a56fed398d0c7c859bb8d2b37 2009-10-03T15:31:43.885-04:00

NEW Web Security Threats Tripled this year? Yup...we are now looking at a mere 1.7 Million Threats. Let me put that in perspective for you... If I were to do a unique post on each threat...assuming each post took 30 minutes...and assuming I worked 12 hours a day...7 days a week for 365 days a year...it would take me a mere 194 years before I was done

NEW Web Security Threats Tripled this year? Yup...we are now looking at a mere 1.7 Million Threats. Let me put that in perspective for you... If I were to do a unique post on each threat...assuming each post took 30 minutes...and assuming I worked 12 hours a day...7 days a week for 365 days a year...it would take me a mere 194 years before I was done http://pindebit.blogspot.com/2009/09/cnnmoneycom-takes-look-at-cybercrime.html John B. Frank jfrank160 1 1 0 0 urn:com:businessweek:bx:article:12020105869112222987-a951051ec53a4c177083c7ebc97787f1 2009-10-03T17:31:26.783-04:00

A fifth of the respondents said they are not confident their financial institution can protect them, Half of respondents said that they would change banks, or at least consider it, if they or someone they knew was hit by card fraud.

A fifth of the respondents said they are not confident their financial institution can protect them, Half of respondents said that they would change banks, or at least consider it, if they or someone they knew was hit by card fraud. http://pindebit.blogspot.com/2009/08/for-those-who-missed-it-i-am.html John B. Frank jfrank160 0 0 0 0 urn:com:businessweek:bx:article:3784243675723258751-95d4014d557f2dbd8374d33e2339a2f3 2009-10-03T17:23:17.253-04:00

The increasing popularity of online banking will likely lead to an increase in credit and debit card fraud, says a new report from a group of law enforcement agencies.

The increasing popularity of online banking will likely lead to an increase in credit and debit card fraud, says a new report from a group of law enforcement agencies. http://pindebit.blogspot.com/2009/08/online-banking-will-contribute-to.html John B. Frank jfrank160 0 0 0 0 urn:com:businessweek:bx:article:15106920492043306246-d9c75fb8cc6d930c92d1fae762d0cfe6 2009-10-03T17:10:43.883-04:00

Trusted, legitimate sites are being compromised more frequently resulting in users unwittingly downloading malicious software and infecting their computers.

Trusted, legitimate sites are being compromised more frequently resulting in users unwittingly downloading malicious software and infecting their computers. http://pindebit.blogspot.com/2009/08/web-insecurity-part-deaux-donttrust-it.html John B. Frank jfrank160 0 0 0 0 urn:com:businessweek:bx:article:8611683433675238418-dd43d2c3bfff3206455297c87325fb8d 2009-10-03T17:14:31.608-04:00

Until financial institutions instruct their customers to "stop typing" and "start swiping" hackers will be the ones doing the swiping. In the meantime, we can listen to webinars like the one below on how to try and "trace" these "sophisticated attacks." Trace? How about "eliminate?"

Until financial institutions instruct their customers to "stop typing" and "start swiping" hackers will be the ones doing the swiping. In the meantime, we can listen to webinars like the one below on how to try and "trace" these "sophisticated attacks." Trace? How about "eliminate?" http://pindebit.blogspot.com/2009/08/online-banking-gateway-to-fraud.html John B. Frank jfrank160 0 0 0 0 urn:com:businessweek:bx:article:7283760093182334916-c6ceae2a6017a664c2ccdc78adf6d51a 2009-10-03T17:08:28.775-04:00

PandaLabs receives nearly 37,000 samples of new viruses, worms, Trojans and other types of Internet threats every day. Of these, 71% are Trojans, mostly aimed at stealing bank details or credit card numbers as well as passwords for other commercial services.

PandaLabs receives nearly 37,000 samples of new viruses, worms, Trojans and other types of Internet threats every day. Of these, 71% are Trojans, mostly aimed at stealing bank details or credit card numbers as well as passwords for other commercial services. http://pindebit.blogspot.com/2009/08/malware-aimed-at-stealing-bank-log-in.html John B. Frank jfrank160 0 0 0 0 urn:com:businessweek:bx:article:7489067228895839025-78296e6c798b2d57e55b031ec9ba7953 2009-10-03T17:06:29.240-04:00

A report released by Trusteer found that among the 2.5 million Internet banking users in North America and Europe protected by its Rapport security service, 98.8 percent have Flash active in their browser. F

A report released by Trusteer found that among the 2.5 million Internet banking users in North America and Europe protected by its Rapport security service, 98.8 percent have Flash active in their browser. F http://pindebit.blogspot.com/2009/08/ono-huge-security-hole-on-web.html John B. Frank jfrank160 0 0 0 0 urn:com:businessweek:bx:article:7856566379035570107-65df6b06f458cbb8ded1694c7416117b 2009-10-03T17:02:30.444-04:00

By going real time, hackers can get around some of the roadblocks that companies have put in their way. Most significant, they are now undeterred by systems that create temporary passwords, such as RSA’s SecurID system, which involves a small gadget that displays a six-digit number that changes every minute based on a complex formula.

By going real time, hackers can get around some of the roadblocks that companies have put in their way. Most significant, they are now undeterred by systems that create temporary passwords, such as RSA’s SecurID system, which involves a small gadget that displays a six-digit number that changes every minute based on a complex formula. http://pindebit.blogspot.com/2009/08/hackers-exploit-evolving-web.html John B. Frank jfrank160 0 0 0 0 urn:com:businessweek:bx:article:8452997065641620586-364b823500fdc8923f8591c84d8be1ff 2009-10-03T16:46:59.194-04:00

The efficiency of this new variant of keyloggers is best seen during routine operations like usage of Internet banking services.

The efficiency of this new variant of keyloggers is best seen during routine operations like usage of Internet banking services. http://pindebit.blogspot.com/2009/08/real-time-keylogging-makes-otp-log-in.html John B. Frank jfrank160 0 0 0 0 urn:com:businessweek:bx:article:2835104836246759082-fa9df466548275fa9f49e22844d33237 2009-10-03T16:34:44.475-04:00

"We may balk at the idea of carrying around an additional device (of the kind Barclays customers now have to use for online banking) to enter our PIN every time we make a credit card purchase online, but when these kind of measures are inevitably introduced, we'll have to grin and bear it. It's for our own good, after all.

"We may balk at the idea of carrying around an additional device (of the kind Barclays customers now have to use for online banking) to enter our PIN every time we make a credit card purchase online, but when these kind of measures are inevitably introduced, we'll have to grin and bear it. It's for our own good, after all. http://pindebit.blogspot.com/2009/08/homeatm-provides-inevitable-solution.html John B. Frank jfrank160 0 0 0 0 urn:com:businessweek:bx:article:231956549762549995-eb207e48d99987c94dfeca318fa5b6d1 2009-10-03T16:31:34.348-04:00

In fact, 60% of online shoppers abandon their carts at some point during their shopping experience, mostly due to fear of identity theft (Sherpa Marketing Study, 2006), and almost half (44%) say they're less likely than they were just a year ago to trust a Web merchant with personal data (Yankee Group Study, 2008). As the climate of trust erodes, consumers are more sensitive than ever.

In fact, 60% of online shoppers abandon their carts at some point during their shopping experience, mostly due to fear of identity theft (Sherpa Marketing Study, 2006), and almost half (44%) say they're less likely than they were just a year ago to trust a Web merchant with personal data (Yankee Group Study, 2008). As the climate of trust erodes, consumers are more sensitive than ever. http://pindebit.blogspot.com/2009/08/44-less-likely-to-trust-ecommerce-than.html John B. Frank jfrank160 0 0 0 0 urn:com:businessweek:bx:article:12467185123755280788-2015eb6a50eafc923a14c3c23a3284ea 2009-10-03T16:22:40.753-04:00

As each entry is typed in full, this makes the information vulnerable" to a simple keylogger, a virus that sits on a computer and tracks every keystroke with the aim of collecting passwords.

As each entry is typed in full, this makes the information vulnerable" to a simple keylogger, a virus that sits on a computer and tracks every keystroke with the aim of collecting passwords. http://pindebit.blogspot.com/2009/08/online-banking-insecureonly-1-bank.html John B. Frank jfrank160 0 0 0 0 urn:com:businessweek:bx:article:4946117643859519902-68137245353cf8515875b53e1a32230b 2009-10-03T16:25:16.508-04:00

"In the past six months, financial institutions, security companies, the media and law enforcement agencies are all reporting a significant increase in funds transfer fraud involving the exploitation of valid banking credentials belonging to small and medium sized businesses,"

"In the past six months, financial institutions, security companies, the media and law enforcement agencies are all reporting a significant increase in funds transfer fraud involving the exploitation of valid banking credentials belonging to small and medium sized businesses," http://pindebit.blogspot.com/2009/08/online-crime-is-increasingly-hitting.html John B. Frank jfrank160 0 0 0 0