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Interview with Alejandro Arauzo Romero, Managing Director, Cash Management at Banorte Ixe

For banks, cash management represents a reliable revenue stream. However, the regulatory diversity of LATAM makes the region one of the most complex and restrictive markets for cash management, mainly due to the currency restrictions imposed in certain countries. Banks are in need of a clear solution to optimise their cash management offering.

Mr. Arauzo, Managing Director, Cash Management at Banorte Ixe, rec

After taking all the necessary steps to Fixing a Credit Report after being hacked, it is then tome to rebuild your credit. Bad credit is bad credit no matter how it happens. No matter how responsible you are with your money, you won’t get a loan if there’s no evidence of this. The evidence comes from having credit. You need to show lenders you can be trusted.

• Every time you apply for a credit card, this puts a dent in your credit score. In other words, it can negatively affect your scores especi

A recent study says that people are more mindful of online safety issues than what experts had previously believed. An article on phys.org says that Nitesh Saxena, PhD, wanted to know what goes on in users’ brains when they come upon malicious websites or malware warnings.

Saxena points out that past studies indicated that users’ minds are pretty much blank when it comes to malware signs. Saxena and colleagues used brain imaging (functional MRI) for their study.

Study subjects were asked to tell t

Over the last decade, automated or algorithmic trading has taken the markets by storm. This does not come as a complete surprise, since enormous technological advances have created the possibility to trade at higher speed and frequency and recognize patterns faster than a human trader could ever dream.  Unfortunately, (or luckily if you are in the risk management business) this trading system does not come risk-free.

For those unfamiliar with automated trading systems: these are electronic platf

Dear Risk Community!

Who would be up for some networking next week (16-20 February) in Dubai?

It would be nice to know some other risk & finance managers!
Especially in the energy/banking/trading sector, but open for others!

Cheers

Emanuele

I really enjoy reading blogs. And since you are here, reading my blog post, I’m guessing you do too. Blogs are a great way of gaining information and learning about different perspectives on a wide variety of topics. Unfortunately, spammers have tainted this medium with splogs.

The word splog is a combination of the words spam and blog (from my perspective, it could easily be called blam as well). And that’s exactly what it is, a blog full of spam. Splogs are blogs that usually have plagiarized c

A rootkit is a kind of software that conceals malware from standard detection methods. A good analogy for a rootkit would be a burglar breaking into your house. The burglar is dressed all in black, so that his form blends into the darkness. He tiptoes around to hide his sounds so he’s more likely to go undetected as he steals your belongings. But unlike the burglar, who usually takes your stuff and leaves, an efficient rootkit can stick around for years doing its work, robbing your computer or m

Smart criminals love dumb homeowners, but even a dumb burglar can score big when the homeowner makes just a little slip in security measures.

1. Don’t nickel-and-dime your door locks; get high quality locks. A cheap lock is cheap.
2. Don’t hide keys. Anyone knows to check under the flower pot or on top of the ledge above the door frame. Consider a keyless lock.
3. Make sure valuables aren’t visible through windows—including those of your car.
4. Flatten boxes that valuables came in like flat screen TVs so that

Years ago, having “the talk” with your kids meant telling them where babies come from. Nowadays, “the talk” has a whole new meaning. Your kids may be able to explain in detail how a baby is created, but may be clueless (because so many adults are) about something called “data permanence.”

Don’t beat around the bush. Tell your kid outright, “If you post any racy images of yourself online—it will be there for the next million years for anyone to see. And it can be used against you.” Give this same

Everyone’s talking about future workplace. We all know where it’s heading – people-power, social networking, crowdsourcing, limitless connectivity and a workforce that is contingent (self-employed in some form) and virtualized (anytime, anywhere). But what about the HR team - its leadership? In a people-power world, what does it look like?

First off, how NOT to fix a hacked credit report: signing on with a service that promises to correct the problem in a jiffy—a “sounds too good to be true” advertisement. A company that claims they will 100% fix your bad credit by removing negative information from your credit report is a bit scammy. In fact, whatever a credit repair company CAN legally do, you yourself can do.

Tips to Know Ahead of Time

• If a company takes action against you, you’re entitled to a free credit report if you request i

Haste certainly doesn’t make waste if you’ve suffered from an entity getting hacked resulting in a data breach. Don’t waste a single minute delaying notifying affected accounts! In the case of a credit card company, they will investigate; you won’t have to pay the fraudulent charges. The breached card will be closed, and you’ll get a new one. And there is more.

All sounds simple enough, but the experience can be a major hassle. Below is what you should do upon learning your card has been breached

It’s one thing to bust into your kid’s diary and read it, but if your kids want the privilege of engaging in the cyber world, they need to understand that parents are justified in “spying” on them. Or are they? Depends on whom you ask and how far they go at “spying” on their kids.

Frankly It’s not spying at all and both kids and parents should get over it. It’s called parenting. My kids are still young, but as they get older there will be hardly a thing they do online that I won’t be aware of. Th

Twenty-seven Inspiring Quotes about Life and the Current World’s Condition and Comments by Enrique Suarez

http://www.wix.com/suarezenrique/delta

suarezenrique@yahoo.com

1. "And those who were seen dancing were thought to be insane by those who could not hear the music." - Friedrich Nietzsche

Comment: very powerful message that applies 100% in my life when I am connected with my inner being and when I say that peace supersedes prosperity and not the other way around. When human beings know themselve

Interview with William Meehan, Executive Director, Capital Markets Trading Compliance at CIBC

The Volcker rule was published in December 2013 by US regulators and requires banks with over $10B trading assets and liabilities to prove that they are not participating in proprietary trading through the reporting requirements. It is a new regulation which has limited guidance from the regulators, causing confusion among banks. At the current time, the main focus for banks is to better understand the V

“Survivor.” What comes to mind when you see or hear this word? A victim of a disease or of a perverted crime? A TV show? We’re all survivors in that every day, we do something to stay alive—life-saving things we don’t even think about as life-saving, such as eating healthy and exercising. People die every day from killing themselves with food.

Survival also may conjure up true spectacular stories of survival, like the man who cut off his arm to free himself from a boulder because he was starving

Perhaps you’ve read that “HTTPS” at the start of a website address means that the site is secure, encrypted. However, a feature of the HTTPS can track you, says an article at theregister.co.uk.

HTTP is not secure. Carnegie Mellon University in a Register article states “HSTS”, which is “Strict Transport Security”  redirects users to HTTPS. The HSTS authors decided that this redirection every single time was a bit much, so they came up with a feature that browsers could remember regarding the HSTS

Last week, Insurance News Net’s Trish Ennis examined the relationship between occupational  health, safety risk management and reputational risk.

Texas City refinery. Upper Big Branch mine. Deepwater Horizon. Tazreen Fashions factory. Rana Plaza. Each of these tragedies was caused by a chain of events that included safety and health system deficiencies. They have something else in common, too: They all caused significant damage to the reputations of the organizations involved.”

Ennis highlights an

Ever hear of a crime called skimming? It may not be as dramatic a crime as assault or Ponzi schemes, but it can cause significant problems to you as your  savings account can be wiped out in a flash.

Picture a scrawny nerd tampering with an automated teller machine (ATM)—the machine you use with your debit card to get cash. The thief places a device over the slot through which you slide your debit card. You have no idea it’s there. You swipe your card, and the device “skims” or reads your card’s

Smartphones are picking up popularity. You can now access email, social media, and other things from a device that fits in your pocket (most of the time). And, although we hear about breaches and security flaws in the news, it seems like a lot of us don’t think it applies to our mobile device. Here are some of the most common mobile security myths.

1. “Antivirus protection isn’t worth it for a smartphone.” Just because this device fits in the palm of your hand doesn’t mean it’s not worthy of as much