Another sign that phishing is taking its toll on the quality of service banks can offer online customers: The Times reports that UK banks are introducing delays in intra-bank payments to try to combat fraudulent transfers caused by phishing attacks: This week Barclays introduced a one-day delay for transfers. A spokeswoman said: “This delay enables us… Read More »
Internet banking takes another knock with news from AP that Germany’s biggest retail bank Postbank has imposed an online transaction limit . Germany’s biggest retail bank, Postbank, said Monday it was imposing a euro3,000 (US$3,860) limit on online transfers in an effort to protect customers against e-mail “phishing” scams. The bank, which has 11.5 million… Read More »
I don’t really need to introduce this piece from Sam Varghese of the Sydney Morning Herald. It touches on a theme I’ve harped on before: How banks still don’t understand phishing and how it has changed consumer attitudes, and how it must change the way banks approach the Internet. Phishy behaviour or harmless spin points… Read More »
Stealing passwords in the old days used to involve shoulder surfing — cruising past the mark while s/he’s tapping in her/his password into the computer/ATM/cookie dispenser. But I had a scare today that made me realise that this is still a pretty easy way to get information. Newly landed in Hong Kong, I breezed over… Read More »
It had to happen some time. Phishing victims are fighting back — against their banks. A Miami Businessman is sueing Bank of America according to AccountingWEB.com and other sources: Joe Lopez, a Miami businessman who regularly conducts business over the Internet, is suing Bank of America for negligence and failure to provide protection for online banking… Read More »