Phishers target bank security upgrades: RSA
By Online Security Authority on Dec 13, 2006 in Banking Security
By Munir Kotadia, ZDNet Australia
12 December 2006 01:26 PM
There was a spike in phishing activity last month, with fraudsters targeting an increasing number of brands and using more sophisticated tools to try and fool online banking customers, according to the RSA Online Fraud Intelligence Report for November.
According to RSA, which recently became the security division of storage firm EMC, an increasing number of financial institutions have been upgrading their online banking systems in order to comply with US regulations. Phishers have been using the upgrade activity to try and exploit users.
Just over a year ago, five US banking regulators — under the FFIEC umbrella — advised financial institutions to “deploy security measures to reliably authenticate their online banking customers”. The global nature of the banking industry means that any such regulations in the US are at least partly relevant for financial institutions based in Australia.
Your Online Security Authority
Bill Wardell
Written by: OSAblogger / Bill Wardell - Please Read Our Latest OSA eZine Edition
Popularity: 8% [?]
OSA Related Posts- Facing the Information Security Hole in 2009
- New Layers of Defense: ID Theft and Authentication, Part 2
- Online Banking Basics
- Six Month drop in Online banking fraud, down 67 percent
- Web safety hits home at Cyber-Security seminar
- Online Banking, Is It Really Safe?
- Online Banking: Protecting Your Assets from Phishing Operators
- Are You Familiar With Your Online Banking ?
- ID theft a concern amid shopping season
- The Autumn of our Individuality
- Antique Appraisal 101
- Online Banking and Maslow's Hierarchy of Needs
- Weakon 115: Financial Industry
- How to Fail Financially
- How to Create a Personal Finance Firewall
- Online banking made easy
- What Everybody Ought To Know About Preventing Identity Theft
- With Markets Collapsing Around Us, ING Sends A Nice Letter.
- Brief Interview With a Visa Representative Part 2
- Credit Card Comparison - HSBC vs Citibank
