Hardware and software for secure online banking

Monday, 24 January 2005, 7:20 PM EST

Identity theft is one of the fastest growing types of consumer fraud, and banks in particular fear that such crimes will hinder consumer online banking activity.

A recent study on bank account phishing and hacking from the Federal Deposit Insurance Corporation reveals that single-factor authentication for online banking has flaws that are increasingly being exploited by phishers. In response, financial services firms have launched investigations of additional authentication tools, both software and hardware.

By Kelly Shermach at CRM Buyer.

[ Read more ]

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