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| author | Christian Grothoff <christian@grothoff.org> | 2014-12-06 13:39:15 +0100 |
|---|---|---|
| committer | Christian Grothoff <christian@grothoff.org> | 2014-12-06 13:39:15 +0100 |
| commit | 2c2cd51c47b5fb5e4deb4175b7867f0fcf687d61 (patch) | |
| tree | 0ae70c3905244bf1dfb4cc3ee2a5800dff70aeaa /financial-news.html | |
| parent | 60eaf2cb56c96ad80be5a3d3fe77183db23bbda2 (diff) | |
| download | www-2c2cd51c47b5fb5e4deb4175b7867f0fcf687d61.tar.gz www-2c2cd51c47b5fb5e4deb4175b7867f0fcf687d61.zip | |
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| 1 | <html> | ||
| 2 | <head> | ||
| 3 | <meta charset="utf-8"> | ||
| 4 | <title>Taler - Taxable Anonymous Libre Electronic Reserves: Financial News</title> | ||
| 5 | <meta name="description" content=""> | ||
| 6 | <!--# include file="common/header.inc" --> | ||
| 7 | </head> | ||
| 8 | <body class="en" onLoad="loadLang();"> | ||
| 9 | <div class="container"> | ||
| 10 | <!--# include file="common/navigation.inc" --> | ||
| 11 | <!-- Jumbotron --> | ||
| 12 | <div class="jumbotron"> | ||
| 13 | <h1 lang="en">Financial News</h1> | ||
| 14 | </div> | ||
| 15 | <div class="row"> | ||
| 16 | <div class="col-lg-12"> | ||
| 17 | <h2>6-12-2014: Visa and MasterCard's uncompetitive business practices</h2> | ||
| 18 | <p>The Visa and MasterCard duopoly has eliminated competition among | ||
| 19 | banks, setting fees that take away a significant share of profits from | ||
| 20 | small merchants.<br> | ||
| 21 | Taler is an open standard with free software | ||
| 22 | implementations, so merchants do not have to fear a lack of competition. | ||
| 23 | </p> | ||
| 24 | <p><a class="btn btn-info" href="http://www.ocregister.com/articles/gas-644344-card-fees.html" role="button">Source</a></p> | ||
| 25 | </div> | ||
| 26 | <div class="col-lg-12"> | ||
| 27 | <h2>5-12-2014: US judge rules banks can sue merchant for bad security</h2> | ||
| 28 | <p>Merchants taking credit card data from customers now have to additionally | ||
| 29 | And Merchants taking credit card data from customers now have to additionally | ||
| 30 | fear banks suing them for losses. It is not suggested that the merchant | ||
| 31 | in question was not in compliance with PCI DSS security audit procedures.<br> | ||
| 32 | With Taler, merchants never handle sensitive personal credit data, and | ||
| 33 | thus neither customers, mints nor governments would even have standing to | ||
| 34 | sue merchants in court. Thus, if a merchant system were to be compromised, | ||
| 35 | the damage would be limited to the merchant's own operations. | ||
| 36 | <p><a class="btn btn-info" href="http://arstechnica.com/tech-policy/2014/12/judge-rules-that-banks-can-sue-target-for-2013-credit-card-hack/" role="button">Source</a></p> | ||
| 37 | </div> | ||
| 38 | |||
| 39 | <div class="col-lg-12"> | ||
| 40 | <h2>5-12-2014: PayPal for Android gains fingerprint support</h2> | ||
| 41 | <p>Following Visa and MasterCard's move to biometrics, PayPal | ||
| 42 | now supports authenticating purchases with fingerprint | ||
| 43 | recognition. | ||
| 44 | Hence, police can now <a href="http://www.findlaw.co.uk/law/government/civil_rights/500374.html">forcefully take user's fingerprints</a> and | ||
| 45 | <a href="http://www.wired.com/2013/09/the-unexpected-result-of-fingerprint-authentication-that-you-cant-take-the-fifth/">access their mobile computers</a> and possibly empty their electronic wallets | ||
| 46 | <a href="http://www.cbc.ca/news/world/american-shakedown-police-won-t-charge-you-but-they-ll-grab-your-money-1.2760736">in addition to their physical wallets</a>.<br> | ||
| 47 | For Taler, we advise users to protect their digital wallets using | ||
| 48 | passphrases. | ||
| 49 | </p> | ||
| 50 | <p><a class="btn btn-info" href="http://www.digitalspy.co.uk/tech/news/a614631/paypal-for-android-gains-fingerprint-support-on-samsung-devices.html" role="button">Source</a></p> | ||
| 51 | </div> | ||
| 52 | |||
| 53 | <div class="col-lg-12"> | ||
| 54 | <h2>10-9-2014: PayPal accounts hacked with a click</h2> | ||
| 55 | <p>Yasser Ali reports a now patched vulnerability in PayPal that would | ||
| 56 | have allowed him to reset other user's passwords and take over their | ||
| 57 | accounts. This is unlikely to be the last vulnerability found in | ||
| 58 | account-based payment systems.<br> | ||
| 59 | In Taler, customers do not have accounts with usernames, passwords | ||
| 60 | or associated e-mail addresses. Instead, Taler uses reserves which | ||
| 61 | are represented by a private key on the owner's computer. Users | ||
| 62 | create a reserve by depositing currency at a Taler mint, and can then | ||
| 63 | withdraw digital coins from that reserve using the respective private | ||
| 64 | key. There is no limit on the number of reserves a user can have, and | ||
| 65 | even hacking the Taler mint would not provide an adversary with access to | ||
| 66 | user's reserves (as the Taler mint does not have the private keys). | ||
| 67 | Stealing in Taler requires breaking into each customer's computer to | ||
| 68 | extract the reserve keys or the coins from the digital wallet. | ||
| 69 | </p> | ||
| 70 | <p><a class="btn btn-info" href="http://yasserali.com/hacking-paypal-accounts-with-one-click/" role="button">Source</a></p> | ||
| 71 | </div> | ||
| 72 | <div class="col-lg-12"> | ||
| 73 | <h2>13-11-2014: Visa and MasterCard's to move from passwords to biometrics</h2> | ||
| 74 | <p>Visa and MasterCard are planning to "simplify hated verification | ||
| 75 | systems" by moving from passwords to security codes on mobiles | ||
| 76 | and biometrics. Continuing their flawed insistence on verifying identity, | ||
| 77 | Visa and MasterCard will thus build a very personal picture of their | ||
| 78 | customers, from shopping habbits down to their cardiac rhythm.<br> | ||
| 79 | Taler does not require a customer's identity to verify a payment, as the | ||
| 80 | payment system cryptographically verifies the coins. Thus, Taler does | ||
| 81 | not have to intrude into any personal detail of a citizen's life, and | ||
| 82 | certainly not their private medical data. | ||
| 83 | </p> | ||
| 84 | <p><a class="btn btn-info" href="http://www.theguardian.com/money/2014/nov/13/mastercard-visa-kill-off-verification-systems" role="button">Source</a></p> | ||
| 85 | </div> | ||
| 86 | <div class="col-lg-12"> | ||
| 87 | <h2>15-9-2013: NSA follows the Money</h2> | ||
| 88 | <p>Despite the EU allowing the NSA access to financial transaction data to | ||
| 89 | track terrorists and organized crime, the NSA saw it necessary to | ||
| 90 | target international payment processors including SWIFT and Visa. | ||
| 91 | As terrorism and organized crime are covered by legal means, industrial | ||
| 92 | espionage to improve the US economy is the only remaining US national | ||
| 93 | interest within the NSA's mandate that would explain this illegal activity.<br> | ||
| 94 | With Taler, mints will only learn the value of a merchant's transactions, | ||
| 95 | not who paid or for what (governments may learn what was sold). Thus, | ||
| 96 | the Taler mint is a significantly less interesting target for industrial | ||
| 97 | espionage. | ||
| 98 | </p> | ||
| 99 | <p><a class="btn btn-info" href="http://www.spiegel.de/international/world/spiegel-exclusive-nsa-spies-on-international-bank-transactions-a-922276.html" role="button">Source</a></p> | ||
| 100 | </div> | ||
| 101 | </div> | ||
| 102 | <!--# include file="common/footer.inc" --> | ||
| 103 | </div> <!-- /container --> | ||
| 104 | </body> | ||
| 105 | </html> | ||