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Online Banking: Protecting Your Assets from Phishing Operators

By Online Security Authority on Apr 11, 2009 in Banking Security

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CNET’s Robert Vamosi talks about how phishing operators can defeat those new controls in online banking security.

 

The controls are the little security images of a puppy dog or an ocean view that banks have started to use to confirm you’re on their site and not another’s, or the series of secret questions they sometimes ask you to answer before allowing access to your account. These controls were designed to stop thieves from accessing your online bank accounts, yet phishing still continues.

 

Vamosi talks with an expert who explains why these controls are easy to bypass. Phishing operators can bypass these new authentication controls. Putting more guards at the door is not the answer, financial institutions should do more to protect the individual assets once the thief is inside your account.

 

Listen: http://podcast-files.cnet.com/podcast/cnet_security081707_2.mp3


Written by: OSAblogger / Bill Wardell - Please Read Our Latest OSA eZine Edition

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