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Now to attend the Traders Expo Dallasfor FREE (June 6 - 8, 2012)!
http://www.americanbanker.com/bulletins/-1016555-1.html
The Grameen Foundation plans to expand its program that supplies technology for microfinance firms with new financial backing from MasterCard and Cisco.
The foundation will extend the Mifos platform to enhance connections to mobile payments platforms. Mifos helps microfinance firms, which operate largely in developing countries, to automate their systems—offering a common platform for these firms to combine efforts to deliver information and financial services to economically challenged regions.
The technology also helps collect social performance data, which in turn aids efforts to improve measurements of the Progress Out of Poverty Index (PPI), a global poverty index that helps microfinance firms assess effectiveness of their programs.
The MasterCard Foundation will provide $1.23 million, while The Cisco Foundation will provide $500,000. The MasterCard grant will help form the Mifos Consortium, a group of bellwether microfinance firms that will develop a benchmark for successful technology management in the microfinance sector as well as measure ROI. The initial members include microfinance firms from India, Tunisia, Lebanon, Kenya and the Philippines.
The Cisco grant will enable Grameen to improve the Mifos platform’s efforts to increase scale, innovation, sustainability and social impact of microfinance firms.
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http://www.americanbanker.com/bulletins/Cisco-Study-Finds-Targeted-Email-Attacks-Have-Grown-1039646-1.html
Classic email fraud is down. Cisco says the overall volume of spam has dropped from 300 billion emails in June 2010 to 40 billion in June 2011. The money cybercriminals make from mass email-based attacks has declined more than 50 percent from $1.1 billion to $500 million in that same timeframe.
But targeted, malicious attacks, which often involve the theft of email addresses and account information – this is what has made data breaches such as Epsilon’s and Citi’s so devastating -- have grown. “By using more personalization tools, the user conversion rates for the better-crafted scams and malicious attacks have increased significantly in the last year,” the Cisco report states. “In addition, the average user loss caused by the malware or scam employed has increased because of the information shared.” The amount fraudsters make from such targeted attacks has grown from $50 million to $200 million over the past year.
The Cisco report also points out that the hit to an organization’s reputation is far greater than the direct monetary losses it typically suffers through cyberfraud. The analysis estimates that the reputation cost per infected user is $1,900, or 6.4 times that of the direct monetary loss.
The study is well worth a read by anyone trying to protect customers from online and mobile banking fraud.
American State Bank to acquire Cisco bank
...which is still subject to regulatory approval, were not disclosed. ASB said the definitive agreement signed with Cisco Bancshares Inc., the holding company for the lone Eastland County location, will go before shareholders of both institutions...
NEWS
Published: Friday, 11 Mar 2011 | 7:26 PM ET
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Cisco Systems [CSCO 16.55
-0.14 (-0.84%) 
]: Having recently hit a 52-week low, Cramer wouldn't buy shares of Cisco Systems. He thinks this tech company has "lost its way."
Solterra, Inc. has a location in Cisco, TX. Active officers include Lee Dixon Woolley, Jerry L Morgan, James Vance McCracken, Laquetta S Rankin, Joe J Cooper, Betty Fee Drumwright and Lillian Marshall.
| Filings: | Domestic For-Profit Corporation (TX - Inactive) |
| Source: | Texas Secretary of State last refreshed 10/26/2011 |
 Company Reports from Dun & Bradstreet |
Updated 10/26/2011 - This profile of Solterra, Inc. was created using data from Texas Secretary of State
 James Vance McCracken | Director at Cisco Bancshares, Inc. Hide other companies |
Cisco, TX | ||
| H S Drumwright | Director at Cisco Bancshares, Inc. | Cisco, TX |
| Wm B Wright | Director at Cisco Bancsha |
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