Online commerce suffers from one major flaw: It’s online. That means we need to use computers (or computer-like devices, such as cellphones). It means we need to use the Internet. Together this is a lethal cocktail. And for online banking, it just may mean it is fatal. Online banking, for example, is not like using… Read More »
Here’s one of those moments when you wonder whether banks have yet got on online security. The Melbourne Age, reporting from the birthplace of phishing, reports today that customers of Australia’s Westpac bank are getting flummoxed by the appearance of a new pop-up window on its Internet banking page. The pop-up, according to one user,… Read More »
Phishing carries on, but it seems to be attracting the dregs of the scamming world as well as its masters. Here’s one I just received which must be in line for Worst Phishing Scam Of The Year Award: From: Branch Banking and Trust Company[SMTP:SERVICE@BBANDT.COM] Subject: Online banking issue Dear Branch Banking and Trust Company valued… Read More »
If you think the Internet is a scary place for stealing your sensitive bank data, try your local gas station. The Star Tribune in Malaysia reports that criminals there are increasingly intercepting the transmission of credit card data between the point of sale machines that swipe your card and the bank. This data, incredibly, is… Read More »
It’s not happy days for Diebold, the company behind ATMs and electronic voting. Its e-voting machines have been the source of much controversy — earlier this month it withdrew its suit against people who had posted leaked documents about alleged security breaches in the software. Now its automatic teller machines have been hit — by… Read More »