Online Banking: A Better Security Bet?


Reports of security Relevant Products/Services from breaches, hackers, and phishing scams have consumers running scared about online financial transactions. However, a study released in January 2006 by Javelin Research and Strategy shows that Internet-related fraud problems are actually less severe, less costly, and less prevalent than previously thought.

According to the study, identity theft victims who detected the crime by monitoring their accounts online lost only about $551, compared with an average of $4,543 when the theft was detected from paper statements. Online Banking: A Better Security Bet? - NewsFactor Network

Linked by shanmuga Tuesday, 21st February 2006 9:19PM