On October 22nd the sixth bank security forum in Panama will he held and will address issues related to risk management and security of transactional systems.
The event being run by the Banking Association of Panama (ABP), will discuss issues such as the form and migration of the crime of bank robbery, cyber Banking Security, Security for ATM's, computer crimes and research methods in Panama, among others.
Signing of the treaty is aimed at improving the control of the criminal offenses committed through the Internet.
This week Panama became the second Latin American country after the Dominican Republic, to sign the European Convention on Cybercrime, the first international treaty on criminal offenses committed on the Internet.
Better internet connections and mass use of mobile phones have led to an increase in phishing scams.
In the last year (2010) alone losses of $18 billion and $20 billion were reported, according to information from the Federal Bureau of Investigation (FBI).
"Phishing, which was widespread last year in the Panamanian market, is a type of fraud that uses fake emails which redirect clients to a copy or imitation of a legitimate website, so that personal and confidential information can be gathered and used to commit fraud" reported Prensa.com.
Minerco Resources Inc. (OTC: MINE) recently announced that it will develop hydro power plant “Chiligatoro”, but government sources stated they don’t know this company.
In a press release published in MarketWatch.com on June 1st, it was announced that Minerco Resources had received approval from the National Energy Commission of Honduras to develop Hydro Power Plant Chiligatoro. Textually: “’The approval by the National Commission of Energy of our Chiligatoro Project is a critical milestone in making the Company's new vision to develop clean, renewable energy in Honduras, and the region a reality. We have extreme confidence in our operations moving forward and look forward to working closely with the Honduran Government in the remainder of the approval process’, said V. Scott Vanis, President and CEO of Minerco” (link).
Two lawsuits against the Bank of Costa Rica, based on fraudulent transactions on the Web, ended with sentences against the bank.
The message sent by the courts to the business sector is clear: fulfill your duty to provide security or you will be responsible for any damages suffered by your clients, even though you are not directly responsible.
The court believes that the Bank created a lucrative service, Internet Banking, and did not put enough measures into place to minimize possible material loss by its clients when their accounts are hacked.
Guatemala, 04 March, 2010 .- intelitec, an advisory services company in network security and systems, announces the opening of operations in Guatemala as McAfee Elite Partner, strengthening its position in Central America.