"The Office of the Comptroller of the Currency (OCC) charters, regulates, and supervises national banks to ensure a safe, sound and competitive banking system that supports the citizens, communities and economy of the United States."
Now this is all very comforting, and makes perfect sense. So, why are there so many concerns about online banking? Where is the breakdown in security? Even brick and mortar banks have internal networks that must be secured. It's my understanding that these are very well secured indeed. What happens when these security-conscious organizations move their presence to the Internet?
I recently participated in an assessment for an online bank. We were tasked to assess the security of their online banking application, check out the supporting infrastructure, and perform some data analysis of their internal traffic. What we found was quite disturbing, and has strengthened my resolve to limit my online transactions.
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