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Online Banking's Battle Against Phishing
Online banking, which has seen explosive growth in recent years, has made it faster, cheaper, and more convenient than ever before for consumers to manage their financial affairs. It also holds the promise of significant cost savings for the financial services industry, as rising numbers of customers are expected to shift from over-the-counter services to online transactions.
Yet the adoption of Internet banking may be impeded if consumers lose trust in the security of online financial transactions. And while the reputation of online commerce has been affected by various high-profile data security breaches, such as the 2005 Choice-Point debacle, consumer confidence in online banking is also threatened by 'phishing,' the insidious form of identity theft that uses fraudulent e-mails to lure victims to sham Web sites, where they are tricked into divulging ac-count numbers, passwords, and other sensitive information. Al-though there has been a sharp rise in the volume of phishing scams, and the techniques employed by 'phishers' have grown more so-phisticated, banks and other entities have also become increasingly adept at detecting and combating phishing attacks. As this article discusses, there are a variety of steps that financial institutions can take to mitigate the risks posed by phishing and, at the same time, bolster their customers' online confidence.
Overview of Phishing
Major Differences In UK, U.S. Copyright Laws
This article highlights how copyright law in the United Kingdom differs from U.S. copyright law, and points out differences that may be crucial to entertainment and media businesses familiar with U.S law that are interested in operating in the United Kingdom or under UK law. The article also briefly addresses contrasts in UK and U.S. trademark law.
The Article 8 Opt In
The Article 8 opt-in election adds an additional layer of complexity to the already labyrinthine rules governing perfection of security interests under the UCC. A lender that is unaware of the nuances created by the opt in (may find its security interest vulnerable to being primed by another party that has taken steps to perfect in a superior manner under the circumstances.
Strategy vs. Tactics: Two Sides of a Difficult Coin
With each successive large-scale cyber attack, it is slowly becoming clear that ransomware attacks are targeting the critical infrastructure of the most powerful country on the planet. Understanding the strategy, and tactics of our opponents, as well as the strategy and the tactics we implement as a response are vital to victory.
Legal Possession: What Does It Mean?
Possession of real property is a matter of physical fact. Having the right or legal entitlement to possession is not "possession," possession is "the fact of having or holding property in one's power." That power means having physical dominion and control over the property.
The Anti-Assignment Override Provisions
UCC Sections 9406(d) and 9408(a) are one of the most powerful, yet least understood, sections of the Uniform Commercial Code. On their face, they appear to override anti-assignment provisions in agreements that would limit the grant of a security interest. But do these sections really work?