Global Banking Directory
Press Release Distribution Service
Add Bank | Banking Forum | Scam emails!
Advertise Your Business Here
BanksDaily Twitter BanksDaily FaceBook BanksDaily LinkedIn

Financial and Banking News

Details of Britons bank are available for sale on the internet

The Information Commissioner has launched an investigation after it was revealed that thousands of Britons' bank details are available for sale on the internet.

The Times newspaper said it had found more than 100 websites offering to sell UK bank details, including account numbers, PINs and security codes, and had been able to download banking information for 32 individuals, including a High Court Judge, for free. One fraudster was offering to sell 30,000 British credit card numbers for £1 each, the newspaper reported.

A spokesman for Richard Thomas, the Information Commissioner, said the data on offer appeared to be for accounts that were currently active. "From what I have seen the information would be enough for someone to go online and spend money, but at this stage there is no way of knowing which cards are on there," he said.

"Clearly it's a matter of concern if people's personal banking details, which should remain private, are on a public website. "What we are going to do is look at the evidence the Times has given us and how people's numbers appeared on these websites."

He said the investigation would intially focus on what security breach, if any, had taken place to allow the information to get into the public domain. If the data was acquired fraudulently, or by theft, the matter would be passed to the police as a criminal inquiry.

Mr Thomas will address a House of Commons committee on Tuesday to ask to be given extra powers to tackle data protection breaches.

Source: The Guardian
Date: 04.12.2007 [147]

Financial and Banking News
 Banks may need political help to survive Big Tech

First there was the financial crisis of 2008. Then years of negative interest rates. Now, banks face what one financial regulator calls the "real game changer." 09.12.2019 | Source: Bloomberg

 Trump blasts Bitcoin, Libra, demands they face banking regulations

U.S. President Donald Trump on Thursday criticized Bitcoin, Facebook's proposed Libra digital coin and other cryptocurrencies and demanded that companies seek a banking charter and make themselves subject to U.S. and global regulations if they wanted to "become a bank." 11.07.2019 | Source: Reuters

 25th World Islamic Banking Conference announces 4th series of WIBC Leaderboard

Top performing Islamic Financial Institutions from Bahrain, Egypt, Indonesia, Jordan, Kuwait, Malaysia, Oman, Pakistan, Turkey, UAE and Saudi Arabia are vying for the WIBC Awards recognizing the Best Performing Banks at the Global and Regional level. 28.10.2018 | Source: MEGA

 Financial technologies are need of the hour for Banks in India

The Indian FinTech space is expected to reach $2.4 billion by 2020 and 2018 will be a critical year in that journey because 52 % of India's digitally active consumers are adopting FinTech and are the driving force for new technology adoptions. 02.03.2018 | Source: Explore Exhibitions and Conference

 International Banking Exhibition and Conference will be held in Baku

"Digital Banking and Security" titled International Banking Exhibition & Conference will be held in Baku on 17-18 of April, 2018 by FA International Trade Events. 07.02.2018 | Source: FA International Trade Events

 📰 News Archive

2007-2020 © | Rus