Password security for online banking queried

Tuesday, 3 September 2002, 11:10 AM EST

Online banking is vulnerable to hackers, says the police national e-crime lab manager.

Wellington-based Maartin Kleintjes said he had asked banks to shift from keyboard password entry to a mouse-based system to help avoid surreptitious keyboard logging programs.

Ironically, the BNZ took a mouse-based feature off its website as part of a revamp in May.

Kleintjes, who heads an expanded police unit with 15 staff, said "pay anyone" features were also a concern.

He foresaw armed robbers turning up with notebook computers and demanding money transfers.

[ Read more ]

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