Equity Bank and Biometrics
Ladies and gentlemen, It could be that my news sources are archaic, but I didn't catch the article that Equity Bank now requires you to scan your finger when withdrawing over the counter, untill I went to my branch over the weekend. For a bank with such numbers, this is a huge undertaking, no? I would also assume it makes fraud one step harder. Anyone with more interesting details of this?
all i know is compulynx is behind it technically On Mon, Oct 5, 2015 at 12:00 PM, Peter Karunyu via skunkworks < skunkworks@lists.my.co.ke> wrote:
Ladies and gentlemen, It could be that my news sources are archaic, but I didn't catch the article that Equity Bank now requires you to scan your finger when withdrawing over the counter, untill I went to my branch over the weekend.
For a bank with such numbers, this is a huge undertaking, no?
I would also assume it makes fraud one step harder.
Anyone with more interesting details of this?
_______________________________________________ skunkworks mailing list skunkworks@lists.my.co.ke ------------ List info, subscribe/unsubscribe http://lists.my.co.ke/cgi-bin/mailman/listinfo/skunkworks ------------
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-- GG
They have been recruiting users for quite some time now. I prefer it to signing documents. Regards, Job Muriuki, Skype: heviejob On Mon, Oct 5, 2015 at 12:00 PM, Peter Karunyu via skunkworks < skunkworks@lists.my.co.ke> wrote:
Ladies and gentlemen, It could be that my news sources are archaic, but I didn't catch the article that Equity Bank now requires you to scan your finger when withdrawing over the counter, untill I went to my branch over the weekend.
For a bank with such numbers, this is a huge undertaking, no?
I would also assume it makes fraud one step harder.
Anyone with more interesting details of this?
_______________________________________________ skunkworks mailing list skunkworks@lists.my.co.ke ------------ List info, subscribe/unsubscribe http://lists.my.co.ke/cgi-bin/mailman/listinfo/skunkworks ------------
Skunkworks Rules http://my.co.ke/phpbb/viewtopic.php?f=24&t=94 ------------ Other services @ http://my.co.ke
The finger biometric scanning has been in operation in uganda for all equity customers for over a couple of years On Monday, October 5, 2015, Job Muriuki via skunkworks < skunkworks@lists.my.co.ke> wrote:
They have been recruiting users for quite some time now. I prefer it to signing documents. Regards, Job Muriuki,
Skype: heviejob
On Mon, Oct 5, 2015 at 12:00 PM, Peter Karunyu via skunkworks < skunkworks@lists.my.co.ke> wrote:
Ladies and gentlemen, It could be that my news sources are archaic, but I didn't catch the
article that Equity Bank now requires you to scan your finger when withdrawing over the counter, untill I went to my branch over the weekend.
For a bank with such numbers, this is a huge undertaking, no? I would also assume it makes fraud one step harder. Anyone with more interesting details of this?
_______________________________________________ skunkworks mailing list skunkworks@lists.my.co.ke ------------ List info, subscribe/unsubscribe http://lists.my.co.ke/cgi-bin/mailman/listinfo/skunkworks ------------
Skunkworks Rules http://my.co.ke/phpbb/viewtopic.php?f=24&t=94 ------------ Other services @ http://my.co.ke
-- Best Regards, Stephen Munguti. +254720425104
I think it is a very risky affair. If the data lands on the wrong hands…. Israelis rejected a similar move by their government. http://www.ynetnews.com/articles/0,7340,L-4069922,00.html From: Stephen Munguti via skunkworks [mailto:skunkworks@lists.my.co.ke] Sent: 05 October 2015 20:14 To: Job Muriuki <muriukin@gmail.com>; Skunkworks Mailing List <skunkworks@lists.my.co.ke> Subject: Re: [Skunkworks] Equity Bank and Biometrics The finger biometric scanning has been in operation in uganda for all equity customers for over a couple of years On Monday, October 5, 2015, Job Muriuki via skunkworks <skunkworks@lists.my.co.ke <mailto:skunkworks@lists.my.co.ke> > wrote:
They have been recruiting users for quite some time now. I prefer it to signing documents. Regards, Job Muriuki,
Skype: heviejob
On Mon, Oct 5, 2015 at 12:00 PM, Peter Karunyu via skunkworks <skunkworks@lists.my.co.ke <mailto:skunkworks@lists.my.co.ke> > wrote:
Ladies and gentlemen, It could be that my news sources are archaic, but I didn't catch the article that Equity Bank now requires you to scan your finger when withdrawing over the counter, untill I went to my branch over the weekend. For a bank with such numbers, this is a huge undertaking, no? I would also assume it makes fraud one step harder. Anyone with more interesting details of this?
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Skunkworks Rules http://my.co.ke/phpbb/viewtopic.php?f=24 <http://my.co.ke/phpbb/viewtopic.php?f=24&t=94> &t=94 ------------ Other services @ http://my.co.ke
-- Best Regards, Stephen Munguti. +254720425104
Mike, from this article, the Israelis were concerned with the encryption and storage. Unless you are in the know the sort of encryption and storage Equity has deployed you can't compare the two scenarios. The other point is suppose Equity stores the biometric data with similar standards as their other bank customer records, then it would follow that Equity bank is a risky affair!! Biometric authentication adds a layer of security which is a good thing, they probably need to add it to all their doors so that they don't loose 30m from fake auditors with kitchen knives. On Oct 5, 2015 11:26 PM, "Mike via skunkworks" <skunkworks@lists.my.co.ke> wrote:
I think it is a very risky affair. If the data lands on the wrong hands…. Israelis rejected a similar move by their government.
http://www.ynetnews.com/articles/0,7340,L-4069922,00.html
*From:* Stephen Munguti via skunkworks [mailto:skunkworks@lists.my.co.ke] *Sent:* 05 October 2015 20:14 *To:* Job Muriuki <muriukin@gmail.com>; Skunkworks Mailing List < skunkworks@lists.my.co.ke> *Subject:* Re: [Skunkworks] Equity Bank and Biometrics
The finger biometric scanning has been in operation in uganda for all equity customers for over a couple of years
On Monday, October 5, 2015, Job Muriuki via skunkworks < skunkworks@lists.my.co.ke> wrote:
They have been recruiting users for quite some time now. I prefer it to signing documents. Regards, Job Muriuki,
Skype: heviejob
On Mon, Oct 5, 2015 at 12:00 PM, Peter Karunyu via skunkworks < skunkworks@lists.my.co.ke> wrote:
Ladies and gentlemen, It could be that my news sources are archaic, but I didn't catch the
article that Equity Bank now requires you to scan your finger when withdrawing over the counter, untill I went to my branch over the weekend.
For a bank with such numbers, this is a huge undertaking, no? I would also assume it makes fraud one step harder. Anyone with more interesting details of this?
_______________________________________________ skunkworks mailing list skunkworks@lists.my.co.ke ------------ List info, subscribe/unsubscribe http://lists.my.co.ke/cgi-bin/mailman/listinfo/skunkworks ------------
Skunkworks Rules http://my.co.ke/phpbb/viewtopic.php?f=24&t=94 ------------ Other services @ http://my.co.ke
--
Best Regards, Stephen Munguti.
+254720425104
_______________________________________________ skunkworks mailing list skunkworks@lists.my.co.ke ------------ List info, subscribe/unsubscribe http://lists.my.co.ke/cgi-bin/mailman/listinfo/skunkworks ------------
Skunkworks Rules http://my.co.ke/phpbb/viewtopic.php?f=24&t=94 ------------ Other services @ http://my.co.ke
Its a good move, especially as far as protecting customer money. But bulk of fraud by employees (politically incorrect - theft by servant) happens around FX and FT processes; and enabled by loopholes in CBS. Unless things have changed in Eq, there used to be a very know-it-all attitude when it comes to technology investment and decisions. Leading to too much integration, too many patches, and of course going to bed with big names only. Meanwhile their nemesis was more open to ideas, and they have got closer to slaying the dragon of internal fraud. On Tue, Oct 6, 2015 at 7:48 AM, Jared Koyier via skunkworks < skunkworks@lists.my.co.ke> wrote:
Mike, from this article, the Israelis were concerned with the encryption and storage. Unless you are in the know the sort of encryption and storage Equity has deployed you can't compare the two scenarios. The other point is suppose Equity stores the biometric data with similar standards as their other bank customer records, then it would follow that Equity bank is a risky affair!! Biometric authentication adds a layer of security which is a good thing, they probably need to add it to all their doors so that they don't loose 30m from fake auditors with kitchen knives. On Oct 5, 2015 11:26 PM, "Mike via skunkworks" <skunkworks@lists.my.co.ke> wrote:
I think it is a very risky affair. If the data lands on the wrong hands…. Israelis rejected a similar move by their government.
http://www.ynetnews.com/articles/0,7340,L-4069922,00.html
*From:* Stephen Munguti via skunkworks [mailto:skunkworks@lists.my.co.ke]
*Sent:* 05 October 2015 20:14 *To:* Job Muriuki <muriukin@gmail.com>; Skunkworks Mailing List < skunkworks@lists.my.co.ke> *Subject:* Re: [Skunkworks] Equity Bank and Biometrics
The finger biometric scanning has been in operation in uganda for all equity customers for over a couple of years
On Monday, October 5, 2015, Job Muriuki via skunkworks < skunkworks@lists.my.co.ke> wrote:
They have been recruiting users for quite some time now. I prefer it to signing documents. Regards, Job Muriuki,
Skype: heviejob
On Mon, Oct 5, 2015 at 12:00 PM, Peter Karunyu via skunkworks < skunkworks@lists.my.co.ke> wrote:
Ladies and gentlemen, It could be that my news sources are archaic, but I didn't catch the
article that Equity Bank now requires you to scan your finger when withdrawing over the counter, untill I went to my branch over the weekend.
For a bank with such numbers, this is a huge undertaking, no? I would also assume it makes fraud one step harder. Anyone with more interesting details of this?
_______________________________________________ skunkworks mailing list skunkworks@lists.my.co.ke ------------ List info, subscribe/unsubscribe http://lists.my.co.ke/cgi-bin/mailman/listinfo/skunkworks ------------
Skunkworks Rules http://my.co.ke/phpbb/viewtopic.php?f=24&t=94 ------------ Other services @ http://my.co.ke
--
Best Regards, Stephen Munguti.
+254720425104
_______________________________________________ skunkworks mailing list skunkworks@lists.my.co.ke ------------ List info, subscribe/unsubscribe http://lists.my.co.ke/cgi-bin/mailman/listinfo/skunkworks ------------
Skunkworks Rules http://my.co.ke/phpbb/viewtopic.php?f=24&t=94 ------------ Other services @ http://my.co.ke
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I met the same while I was headed to deposit, First there was never a notice you walk in and bounce on IT so I decided to go register. Anyone read the terms in the form ... that scared me I actually left the bank without depositing and took my money elsewhere. The terms give equity the right to use the Biometric data however they deem appropriate I did not agree with that because the word appropriate is relative. Several questions came to my mind too, so with this how will be my wife walking into the hall and conduct transaction on my behalf... Does really Equity's fraud lie in the person coming to the teller or the people behind the teller glass ... May be it will make the service fast but fraud?????? I doubt On Tue, Oct 6, 2015 at 9:22 AM, K Machuhi via skunkworks < skunkworks@lists.my.co.ke> wrote:
Its a good move, especially as far as protecting customer money. But bulk of fraud by employees (politically incorrect - theft by servant) happens around FX and FT processes; and enabled by loopholes in CBS. Unless things have changed in Eq, there used to be a very know-it-all attitude when it comes to technology investment and decisions. Leading to too much integration, too many patches, and of course going to bed with big names only. Meanwhile their nemesis was more open to ideas, and they have got closer to slaying the dragon of internal fraud.
On Tue, Oct 6, 2015 at 7:48 AM, Jared Koyier via skunkworks < skunkworks@lists.my.co.ke> wrote:
Mike, from this article, the Israelis were concerned with the encryption and storage. Unless you are in the know the sort of encryption and storage Equity has deployed you can't compare the two scenarios. The other point is suppose Equity stores the biometric data with similar standards as their other bank customer records, then it would follow that Equity bank is a risky affair!! Biometric authentication adds a layer of security which is a good thing, they probably need to add it to all their doors so that they don't loose 30m from fake auditors with kitchen knives. On Oct 5, 2015 11:26 PM, "Mike via skunkworks" <skunkworks@lists.my.co.ke> wrote:
I think it is a very risky affair. If the data lands on the wrong hands…. Israelis rejected a similar move by their government.
http://www.ynetnews.com/articles/0,7340,L-4069922,00.html
*From:* Stephen Munguti via skunkworks [mailto:skunkworks@lists.my.co.ke]
*Sent:* 05 October 2015 20:14 *To:* Job Muriuki <muriukin@gmail.com>; Skunkworks Mailing List < skunkworks@lists.my.co.ke> *Subject:* Re: [Skunkworks] Equity Bank and Biometrics
The finger biometric scanning has been in operation in uganda for all equity customers for over a couple of years
On Monday, October 5, 2015, Job Muriuki via skunkworks < skunkworks@lists.my.co.ke> wrote:
They have been recruiting users for quite some time now. I prefer it to signing documents. Regards, Job Muriuki,
Skype: heviejob
On Mon, Oct 5, 2015 at 12:00 PM, Peter Karunyu via skunkworks < skunkworks@lists.my.co.ke> wrote:
Ladies and gentlemen, It could be that my news sources are archaic, but I didn't catch the
article that Equity Bank now requires you to scan your finger when withdrawing over the counter, untill I went to my branch over the weekend.
For a bank with such numbers, this is a huge undertaking, no? I would also assume it makes fraud one step harder. Anyone with more interesting details of this?
_______________________________________________ skunkworks mailing list skunkworks@lists.my.co.ke ------------ List info, subscribe/unsubscribe http://lists.my.co.ke/cgi-bin/mailman/listinfo/skunkworks ------------
Skunkworks Rules http://my.co.ke/phpbb/viewtopic.php?f=24&t=94 ------------ Other services @ http://my.co.ke
--
Best Regards, Stephen Munguti.
+254720425104
_______________________________________________ skunkworks mailing list skunkworks@lists.my.co.ke ------------ List info, subscribe/unsubscribe http://lists.my.co.ke/cgi-bin/mailman/listinfo/skunkworks ------------
Skunkworks Rules http://my.co.ke/phpbb/viewtopic.php?f=24&t=94 ------------ Other services @ http://my.co.ke
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I also saw that when i was forced to register for biometrics! The way i see it, it's a double edged sword, in terms of fraud vs security. I am also not happy being forced to surrender this information. God knows what they will as "appropriate". On 8 October 2015 at 10:51, Mickey Mickey via skunkworks < skunkworks@lists.my.co.ke> wrote:
I met the same while I was headed to deposit, First there was never a notice you walk in and bounce on IT so I decided to go register. Anyone read the terms in the form ... that scared me I actually left the bank without depositing and took my money elsewhere. The terms give equity the right to use the Biometric data however they deem appropriate I did not agree with that because the word appropriate is relative. Several questions came to my mind too, so with this how will be my wife walking into the hall and conduct transaction on my behalf... Does really Equity's fraud lie in the person coming to the teller or the people behind the teller glass ... May be it will make the service fast but fraud?????? I doubt
On Tue, Oct 6, 2015 at 9:22 AM, K Machuhi via skunkworks < skunkworks@lists.my.co.ke> wrote:
Its a good move, especially as far as protecting customer money. But bulk of fraud by employees (politically incorrect - theft by servant) happens around FX and FT processes; and enabled by loopholes in CBS. Unless things have changed in Eq, there used to be a very know-it-all attitude when it comes to technology investment and decisions. Leading to too much integration, too many patches, and of course going to bed with big names only. Meanwhile their nemesis was more open to ideas, and they have got closer to slaying the dragon of internal fraud.
On Tue, Oct 6, 2015 at 7:48 AM, Jared Koyier via skunkworks < skunkworks@lists.my.co.ke> wrote:
Mike, from this article, the Israelis were concerned with the encryption and storage. Unless you are in the know the sort of encryption and storage Equity has deployed you can't compare the two scenarios. The other point is suppose Equity stores the biometric data with similar standards as their other bank customer records, then it would follow that Equity bank is a risky affair!! Biometric authentication adds a layer of security which is a good thing, they probably need to add it to all their doors so that they don't loose 30m from fake auditors with kitchen knives. On Oct 5, 2015 11:26 PM, "Mike via skunkworks" < skunkworks@lists.my.co.ke> wrote:
I think it is a very risky affair. If the data lands on the wrong hands…. Israelis rejected a similar move by their government.
http://www.ynetnews.com/articles/0,7340,L-4069922,00.html
*From:* Stephen Munguti via skunkworks [mailto: skunkworks@lists.my.co.ke] *Sent:* 05 October 2015 20:14 *To:* Job Muriuki <muriukin@gmail.com>; Skunkworks Mailing List < skunkworks@lists.my.co.ke> *Subject:* Re: [Skunkworks] Equity Bank and Biometrics
The finger biometric scanning has been in operation in uganda for all equity customers for over a couple of years
On Monday, October 5, 2015, Job Muriuki via skunkworks < skunkworks@lists.my.co.ke> wrote:
They have been recruiting users for quite some time now. I prefer it to signing documents. Regards, Job Muriuki,
Skype: heviejob
On Mon, Oct 5, 2015 at 12:00 PM, Peter Karunyu via skunkworks < skunkworks@lists.my.co.ke> wrote:
Ladies and gentlemen, It could be that my news sources are archaic, but I didn't catch the
article that Equity Bank now requires you to scan your finger when withdrawing over the counter, untill I went to my branch over the weekend.
For a bank with such numbers, this is a huge undertaking, no? I would also assume it makes fraud one step harder. Anyone with more interesting details of this?
_______________________________________________ skunkworks mailing list skunkworks@lists.my.co.ke ------------ List info, subscribe/unsubscribe http://lists.my.co.ke/cgi-bin/mailman/listinfo/skunkworks ------------
Skunkworks Rules http://my.co.ke/phpbb/viewtopic.php?f=24&t=94 ------------ Other services @ http://my.co.ke
--
Best Regards, Stephen Munguti.
+254720425104
_______________________________________________ skunkworks mailing list skunkworks@lists.my.co.ke ------------ List info, subscribe/unsubscribe http://lists.my.co.ke/cgi-bin/mailman/listinfo/skunkworks ------------
Skunkworks Rules http://my.co.ke/phpbb/viewtopic.php?f=24&t=94 ------------ Other services @ http://my.co.ke
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-- Regards, James
They started rolling out the system to its clients as of in January of this year. Whilst opening an account with them at a corporate branch, I was advised to have all company directors and respective account signatories have their finger prints taken. Regards. On Mon, 5 Oct 2015 16:15 Job Muriuki via skunkworks < skunkworks@lists.my.co.ke> wrote:
They have been recruiting users for quite some time now. I prefer it to signing documents.
Regards, Job Muriuki,
Skype: heviejob
On Mon, Oct 5, 2015 at 12:00 PM, Peter Karunyu via skunkworks < skunkworks@lists.my.co.ke> wrote:
Ladies and gentlemen, It could be that my news sources are archaic, but I didn't catch the article that Equity Bank now requires you to scan your finger when withdrawing over the counter, untill I went to my branch over the weekend.
For a bank with such numbers, this is a huge undertaking, no?
I would also assume it makes fraud one step harder.
Anyone with more interesting details of this?
_______________________________________________ skunkworks mailing list skunkworks@lists.my.co.ke ------------ List info, subscribe/unsubscribe http://lists.my.co.ke/cgi-bin/mailman/listinfo/skunkworks ------------
Skunkworks Rules http://my.co.ke/phpbb/viewtopic.php?f=24&t=94 ------------ Other services @ http://my.co.ke
_______________________________________________ skunkworks mailing list skunkworks@lists.my.co.ke ------------ List info, subscribe/unsubscribe http://lists.my.co.ke/cgi-bin/mailman/listinfo/skunkworks ------------
Skunkworks Rules http://my.co.ke/phpbb/viewtopic.php?f=24&t=94 ------------ Other services @ http://my.co.ke
participants (10)
-
Brian Monyi -
geoffrey gitagia -
James Njoroge -
Jared Koyier -
Job Muriuki -
K Machuhi -
Mickey Mickey -
Mike -
Peter Karunyu -
Stephen Munguti