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Stanford Found – Today’s News

Posted by admin on Feb 24, 2009 in Today's News
Directory Browsing

Directory Browsing

Background Story

Sir Alan Stanford who is believed to be involved in one of the biggest banking frauds has been found by FBI Agents in America.

It was originally thought that he was hiding out in the Caribbean.

The fraud has global issues for not only the main Stanford Bank but also all of his other corporations and those who have invested in him. There has been a “Run” on the bank in the past couple of days as investors have sought toattempt to get at their cash.

BBC News Link

Site = SIB DIRECT

Defect Found = Open Directory Browsing

Time Taken to find from arriving at homepage =  about 10 minutes.

As always Site Admins notified.

Now as  this is an online bank I decided to hold the post back a few days. Its now 00:40am 20th Feb 2009 and I’ll keep the post on hold for 5 days for them to fix the issue.

It should just be a quick 5 minute fix, but as we all know even a 5 minute code fix still can take a day or two to test. For me its the deploys to the Test, Staging and then Production environments and not the actual Testing of code that takes the time in issues like this.

***************EDIT***************

Even after the 5 days, which is the length of time the post was delayed for the issue is not resolved. I’ve also not heard back from anyone at Stanford.

***************EDIT N02 -  25th Feb 2008 ***************

The Receivers have been called in and the links are no longer working

which is a good thing for security of the users but a bad thing, as they

have most likely lost their deposits.

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