“Financial institutions across the country are scrambling to meet a Dec. 31 deadline set by banking industry regulators to have security processes in place for online banking that go beyond simply requiring customers to enter a user name and password. While some of the protections being adopted should help people feel more confident about online banking, there are signs that criminals already are adapting their techniques to defeat those measures.”
Sigh…as long as we have people in the mix there will never be 100% security. It’s just not in the cards. But, is there a solution to this particular problem? How can we make internet banking safer? As Krebs article illustrates there is a variety of ways to combat online theives but, as we have seen time and again there is nothing that is bulletproof. What can be done?
Tags: Phishing, Online Scams, Internet Banking, Banking Safety
