Online Payments Risk Management is certainly a hot topic. The 2013 holiday data breach at Target and more recently, a new large data breach at Home Depot the need for organizations to understand Online Payments Risk Management is more important today truly than ever before. I think there is no better way than for companies and payment card providers to step back and acknowledge many “security” measures are not effective today in combating cyber crime.
Ohad Samet’s book is a great introduction to payment risk management from multiple angles and can be a good base document to build upon in bringing PCI compliance efforts to online payment websites.
It may even be interesting to see how Samet positions of Loss over Fraud. The implications can be rather surprising.
Samet has organized this book into logical sections regarding approaches and the use of analytics to optimize tracking losses while also addressing the role of the organization and the people implementing secure transactions. Regardless of its 2013 publication, section 3 on Tools and Methods provides solid, industry tested solutions that should be reviewed annually.
That said its time to roll up your sleeves and begin protecting consumers.
3. Item Bank/Risk Pool is a fascinating chapter about Florida insurance policies. Hurricane seasons come and go and yet an established city mayor and established businessman could not maintain an ongoing insurance business even with years of experience in state government. I found this chapter interesting to discover how the state games the insurance system say for say….Hurricane Wilma. For Higher Education this chapter also reveals Admissions related stories that are most interesting when compared to hospital billing. Fung also brings into focus the Golden Rule lawsuit that successfully charged discrimination against minority applicants in the insurance industry. Continue reading →
The impact of cloud computing on O’Reilly’s 2008 Art of Capacity Planning has shifted quite a bit to say the least. Its still a great resource and well worth the read for any web administrator, manager or director.
My interest in revisiting is remembering Chapter 4: Predicting Trends. This touches two important factors today: cloud and procurement.
While in 2008 it was possible to ramp up a cloud, today a very high capacity cloud can be deployed in less than 10 minutes.
At the time of the book’s publication (2008) AWS pricing looked competitive. Yet today those prices are considered somewhat excessively high.
But the Art of Capacity Planning touches on the very important component of Procurement. Procurement and Cloud contract solutions taught by UCLA has been very beneficial to my cloud projects. Continue reading →
Madmen finished a rather interesting season. I only found interest in the season premier when Don sat at a bar in Hawaii and had a drink with a US Soldier on leave from the war. Many have written about Chevrolet was their “Vietnam” for the season.
Other segments throughout this season seemed tied into the cultural change the war took on American society. For example, the necklace of ears segment was rather interesting as the horror of war not only hit home but required the firm to change their advertising strategies.
Did you think their pot smoking scene or the death of a firm’s sibling (killed in Vietnam) reach the audience? Many didn’t seem to think so — maybe they were not looking deep enough?
BMW will launch a new Genius Everywhere program, an Apple-like Genius Bar in time for the launch of their i3 electric vehicle which is expected in 2014. Clearly BMW sees Apple’s massive success in retail as a proven solution to support the launch of a new series of electric cars in North America. BMW will also rely upon Apple mobile technologies to arm their sales staff. The Genius BMW Genius Everywhere program announced in AdvertisingAge will have pre-sale employees armed with iPads helping educate potential customs about this new electric line. The major difference as this point is Apple’s Genius Bar is for post sales while BMW will focus on education and pre sales. This is not the first time BMW has adopted Apple products, design and user experiences. BMW and Apple collaborated to bring iPod support to BMWs early in the car controls your digital device world and today they are also working to integrating Siri technology into more BMW models. Continue reading →