One bank in my town has stopped offering Internet banking, and suddenly I feel I can see the future post-phishing. Of course, the bank is not saying it’s abandoning Internet banking. Nor is it saying that the fact that now customers have to dial into a modem in the bank to access their account is… Read More »
The guys at Netcraft, a British security consultancy that has done a good job of tracking, exploring and warning about phishing, say they’ve come across the first case of cross site scripting being used in the wild for phishing purposes. This isn’t as arcane as it sounds, since it allows phishers to make their lure… Read More »
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 »
Is phishing beginning to take its toll on banks? It’s been my belief for some time that this is, or would be, the case. Banks have seen the Internet as a cash cow and have been over-eager to milk it without realising that it’s not just a way to grab more customers and slice overheads.… 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 »