Search Results from Financial Cryptography
The Washington Post, in the person of Susan Landau, lays out in more clear terms where USA cyber-defence is heading The immediate problem is fiber optics. Until recently, telecommunication signals came through the air. The NSA used satellites and antennas...
Posted in Financial Cryptography on August 10, 2007 10:56 AM
It's been a while since SWIFT was in the news, but they're back! Chris points out that a class action suit has been permitted against them in Federal court: In his 20-page opinion, Judge Holderman rejected SWIFT's defense that it...
Posted in Financial Cryptography on June 20, 2007 05:29 AM
SWIFT won two Big Brother awards at last week's Austrian presentation. The first was in the "finance" category, underscoring the relationship between Orwell's despotic prediction of the future and the control of money and payments. Nothing in English, it seems....
Posted in Financial Cryptography on October 29, 2006 11:39 AM
European data protection authorities empanelled an investigation, alongside their companion privacy commissioners. Their verdict? SWIFT broke the law. The Belgian-based consortium known as Swift, which handles money transfers among banks, violated European privacy regulations when it turned over confidential transaction...
Posted in Financial Cryptography on October 22, 2006 11:14 AM
Collected notes on a month or so of SWIFT rumblings. European privacy regulators are taking on the investigation: The test is whether European law has competence over US claims to data held by European firms. It does not look at...
Posted in Financial Cryptography on September 21, 2006 03:11 AM
Crypto-author James Bamford names the unnamable in Time: James Bamford, a respected author of books on the NSA and a plaintiff in the suit, called Taylor's ruling "very significant, because what you have here is a massive eavesdropping operation, the...
Posted in Financial Cryptography on August 18, 2006 12:49 PM
Chris points to the Court of the Honourable Anna Diggs Taylor, representing the third branch of power in the USA. Justice A. D. Taylor rules the telephone wire tapping programs out of order. That is, illegal. In summary, she knocked...
Posted in Financial Cryptography on August 17, 2006 11:11 PM
Readers might be mighty sick of reading how the boring non-entity SWIFT lost its data virginity in the grubby hands of the US Government. Now we have a change in melody, but the beat remains the same. AOL released 20...
Posted in Financial Cryptography on August 7, 2006 08:21 PM
More rumours on how the US Treasury breached SWIFT: It appears that UST knew about certain SWIFT breaches by insiders in the past and used those infractions as leverage to get access. This may be in contrast to claims by...
Posted in Financial Cryptography on August 7, 2006 01:15 PM
SWIFT was extorted to hand over the data. According to two Austrian reports: "Einverständnis wurde abgepresst" Per Gerichtsbeschluss sollte der gesamte Datenverkehr in der US-Zentrale von SWIFT beschlagnahmt werden, falls SWIFT nicht freiwillig eine bestimmte Zahl von Datensätzen liefere -...
Posted in Financial Cryptography on July 22, 2006 02:42 PM
I was right on the embarrassment call. First the Canadians, now the British, the Irish and even the European Parliament: The European Parliament demanded Thursday that European governments and European institutions in Brussels disclose how much they knew about a...
Posted in Financial Cryptography on July 15, 2006 07:07 AM
In the breach that keeps on breaching, I suggested that the reason the Bush administration was nervous of the program was that the Europeans might be embarrassed via public opinion to put in place real governance. I was close (dead...
Posted in Financial Cryptography on July 7, 2006 01:57 AM
As predicted, the politicians in Europe are responding, albeit mildly. Meanwhile, Belgian Prime Minister Guy Verhofstadt issued a statement saying he has asked security officials to determine whether the U.S. program complied with Belgian laws. In the same Toronto Star...
Posted in Financial Cryptography on July 3, 2006 03:29 PM
Snippets on the big news story of the SWIFT breach. Domestically, this sort of monitoring is perhaps mundane... The Treasury routinely monitors financial transactions in U.S. banks under the Bank Secrecy Act. Under that law, banks are required to report...
Posted in Financial Cryptography on June 25, 2006 05:06 PM
SWIFT has been breached. We can argue about the definition of this, but we'll knock that one right on the head: CIA operatives trying to track Osama bin Laden's money in the late 1990s figured out clandestine ways to access...
Posted in Financial Cryptography on June 24, 2006 02:10 PM