Online Banking Still Easily Hackable

Consumer financial fraud has been around as long as checking accounts and credit cards, and banks already do plenty to stop fraud. But e-commerce has opened virgin criminal frontiers. "In the past, everything was much more traceable," says Gartner banking analyst Avivah Litan. "Now you can open 10,000 (bogus) accounts in the time it used to take to open one, all in a faceless Internet." NewsFactor Network - Enterprise Security - Online Banking Still Easily Hackable

Linked by shanmuga Friday, 4th November 2005 6:03AM