You would think that by now almost every user of the Internet would know not to click on links in emails supposedly from financial institutions -– especially a bank that you have never heard of or have never done any business –- and enter your username or password.

But as this podcast and article from National Public Radio (NPR) points out, Web-savvy individuals are also falling victim to online financial fraud as phishers use newer technology to stay ahead of financial institutions and users.

Financial services providers are, again, facing tough choices when it comes to offering online access to account information. Online account servicing is the most cost effective method for servicing clients in any demographic, and is especially important in certain business lines since other forms of customer service severely cut into already slim margins. FIs have already significantly tightened security measures by using newer security methods, such as multi-factor authentication, including site authentication images, and the breaches continue to happen. But walking the fine line between phishing-secure Web offerings and user friendliness is always a concern. If the FIs crank up the security requirements too high, users will stop using online access, or so the thought process goes.

OSA Editorial Comments:

One of the easiest ways to protect yourself is to use common sense, when cyber criminal’s set “US” up as potential marks, they will; and are using very sophisticated phishing techniques that are very subtle, and most people are not aware of just how intelligent these cyber criminals really are…. we have to start getting tough with the would of hackers, crackers and jackers do we just continue hide behind monitors allow the internet criminals to get away day after day?

The cyber criminals would be very successful in the real world, if they used their talents for good rather than

I guess, I am the only person that I know that is so totally feed up with everything that has to do cyber criminals not having to pay any consequences for their actions!

On a personal level you can start here, to learn more about how to protect you ID. Please make sure you are using the most up to date online security for your internet connection including your Viruses and Malware, find out how your PC safe.

Your Online Security Authority
Bill Wardell

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