I must confess I’m not sure how it works, but it seems like an interesting, but potentially flawed, approach in the battle against phishing. German bank PostBank, IDG reports, has launched a new system to combat phishing, extending the existing German practice of using transaction numbers, or TANs: Until now, Postbank customers transferring money from … Read more
An obvious but effective technique against phishing, here: altering each password so it’s tied to the domain name of the site. Then, if you’re trying to sign in to a phishing fake site, the password won’t match and won’t work. Here’s the story from InformationWeek – Stanford Computer Scientists Unveil New Anti-Phishing Software : A … Read more
Netcraft. the British Internet security consultancy, highlight a new Honeynet Report on Traffic to Phishing Sites, showing that despite months of intensive anti-fraud education efforts by the banking industry a lot of people still click on through to fraudulent phishing sites: The study of phishing scams hosted on cracked web servers from The Honeynet Project … 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