Parliamentary Commission on Banking Standards and Phishing: Difference between pages

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imported>Doug Williamson
(Precis main recommendations of June 2013 report & add link to summary report.)
 
imported>Doug Williamson
(Add link.)
 
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(PCBS).
''Cybercrime''.


Phishing is an email-based fraud.


The Parliamentary Commission on Banking Standards was established by the UK Parliament in 2012 to:


'''A.'''
The fraudsters send emails purporting to be from reputable companies or other legitimate sources, in order to induce individuals to reveal personal information, such as passwords and credit card numbers.


Consider and report on:


1. Professional standards and culture in the UK banking sector, taking account of regulatory and competition investigations into the LIBOR rate-setting scandal.
:<span style="color:#4B0082">'''''Most common attacks'''''</span>
:"The most common attacks seen across the Barclays network are phishing scams, through which cybercriminals send malicious emails to gain access to networks and personal information."
:''Ludwig Keyser, Director of Joint Operations Centre, Barclays - EACT Conference Tackling cyber risks in treasury, January 2019.''


2. Lessons to be learned about:


2.1. Corporate governance.
The name 'phishing' is a grim joke variant on 'fishing'.


2.2. Transparency.


2.3. Conflicts of interest.


2.4. Their implications for regulation and for UK Government policy.
== See also ==
*[[Advanced Persistent Threat]]
* [[BEC]]
* [[Cybercrime]]
* [[Cybercrime – A Threat And An Opportunity]]
* [[Hacktivist]]
* [[Internet]]
* [[Spear phishing]]
* [[Spoofing]]
* [[Whaling]]


 
[[Category:Identify_and_assess_risks]]
'''B.'''
[[Category:Manage_risks]]
 
[[Category:Technology]]
Make recommendations for legislative and other action.
 
The Commission's 2013 report proposes:
 
(1) Making the individual responsibility of senior bankers a reality.
 
(2) Reinforcing each bank's own responsibility for its own soundness and the maintenance of its standards.
 
(3) Creating better functioning and more diverse banking markets.
 
(4) Reinforcing regulators's responsibility to exercise judgement in deploying their powers.
 
(5) Specifying the responsibilities of the UK Government.
 
 
The Commission's report setting out its conclusions and recommendations can be downloaded below:
 
[http://www.publications.parliament.uk/pa/jt201314/jtselect/jtpcbs/27/27.pdf: PCBS final report June 2013]
 
 
==External link==
*[http://www.parliament.uk/bankingstandards UK Parliament: PCBS]
 
[[Category:Regulation_and_Law]]
[[Category:Control_and_Reporting]]
[[Category:Policy_and_Objectives]]
[[Category:The_Treasury_Professional]]

Revision as of 06:22, 24 January 2022

Cybercrime.

Phishing is an email-based fraud.


The fraudsters send emails purporting to be from reputable companies or other legitimate sources, in order to induce individuals to reveal personal information, such as passwords and credit card numbers.


Most common attacks
"The most common attacks seen across the Barclays network are phishing scams, through which cybercriminals send malicious emails to gain access to networks and personal information."
Ludwig Keyser, Director of Joint Operations Centre, Barclays - EACT Conference Tackling cyber risks in treasury, January 2019.


The name 'phishing' is a grim joke variant on 'fishing'.


See also

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