Bank of America adds new online security

Thursday, 14 July 2005, 10:35 AM EST

Stung by recent high-profile security breaches, Bank of America Corp. is rolling out a new online banking security system aimed at making it harder for cyberthieves to crack customer accounts.

"We definitely want to lead the industry by making online banking more secure," Bank of America e-commerce executive Sanjay Gupta said. "Right now, more than 50 percent of (banking) transactions take place online."

At Security Pipeline.

[ Read more ]




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