Wave Systems Corp. (fka WAVXQ)

[Countryboy]

Barclays.

Note that Wave sponsored this presentation by the Head of Information Risk Management at Barclays. I believe Barclays also holds a few shares of Wave. This presentations was posted September 11, 2008.

Fighting the insider threat
sponsored by Wave Systems

ABSTRACT:
While all of the attention was focused on perimeter security and preventing attacks from the outside in the last few years, employees and other trusted insiders quietly have become the most dangerous threat to corporate networks. They have access to sensitive data and often are not very careful how they handle it, leaving enterprises and other organizations vulnerable to a variety of deliberate and accidental incidents.

This video lesson will be a case study of how one financial institution addressed the insidious problem of insider attacks. Barclays Capital needed a way to defend against both malicious and careless insiders in an industry where there is zero margin for error.

In this presentation, viewers will get:
• A detailed look at the measures that Barclays used to address insider threats.
• Tips and tactics for preventing incidents before they occur.
• A framework for reducing the likelihood of insider attacks.
• Key lessons you can learn from recent insider attacks.

Speaker
Stephen Bonner
Head of Information Risk Management, Barclays
Bonner is responsible for managing the global information risk team of Barclays information, infrastructure, and applications by identifying, managing, and leading, either directly or through partnerships, all aspects of information risk. He joined Barclays, initially within Barclays Capital, in 2003 from LIFFE, where he was Information Security Manager, responsible for protecting transactions worth $12 trillion per month. Prior to LIFFE, he worked at various London investment banks.

http://research.pcpro.co.uk/detail/RES/1208530138_560.html

Barclays boss falls victim to ID fraud

Thursday January 10 2008 15:43 GMT

A fraudster posing as the chairman of Barclays stole £10,000 from the bank after tricking a member of staff into sending him a credit card, it emerged today.

The conman duped call centre staff into issuing a credit card in the name of banking boss Marcus Agius and then used it to withdraw funds at a high street branch.

It is believed that the thief, working alone or as part of a gang, used the internet to find out details concerning Agius, such as his date of birth and address.

He then contacted a Barclaycard employee and requested that a new card be sent out.

Armed with the information and the card, the conman entered a branch of the bank and walked away with £10,000 of Agius's cash.

Barclaycard has since reimbursed the chairman and the fraud has prompted a review of procedures at the bank and the implementation of new security checks for senior executives.
Agius, who took over as Barclays chairman last January, said: "Credit card fraud is an issue which our industry continues to confront.

"Barclays is resolved to do everything possible on behalf of our customers to minimise its impact."

A spokesman for Barclaycard added: "It was down to human error, procedures were not followed fully and we have learned from it.
"This is an ongoing battle with professional fraudsters. All Barclays customers, from the chairman downwards, have a 100% fraud guarantee as long as they take responsible care of their information."

This is the second high profile case of identity fraud to emerge this week, after the TV presenter Jeremy Clarkson revealed he had also fallen victim to fraudsters.
He lost £500 after publishing his bank details in a national newspaper in an attempt to show fears about identity fraud were over the top.

In the first six months of last year criminals stole £263.6m through card crime, according to the payments association Apacs.