Online banking requires strict security measures

The report by Tower Group finds that advanced approaches to online fraud - using methods such as spyware, navigation and diversion remote administration tools - and constitute a significant threat to the rapid growth of confidence consumers in e-banking channel.Facing this development fraud, the practice of it is a user name and password as the sole means of online customer authentication is quickly outdated.

The USA financial services industry to continue to build effective defenses against phishing, education plays a crucial role, “said George Tubin, Senior Analyst at extradition channels, in practice, Tower Group and author of the research.

However, these defenses are not the protection of financial institutions or their customers against fraud methods that do not require consumers, or manually account of personal data. Because the techniques of fraud profile perhaps greater compromise personal data, it is urgent to proceed with the financial services community to improve the rigidity of the line of security and authentication of customers, Tubin said.

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