Another sign that phishing is taking its toll on the quality of service banks can offer online customers: The Times reports that UK banks are introducing delays in intra-bank payments to try to combat fraudulent transfers caused by phishing attacks: This week Barclays introduced a one-day delay for transfers. A spokeswoman said: “This delay enables us … Read more
Internet banking takes another knock with news from AP that Germany’s biggest retail bank Postbank has imposed an online transaction limit . Germany’s biggest retail bank, Postbank, said Monday it was imposing a euro3,000 (US$3,860) limit on online transfers in an effort to protect customers against e-mail “phishing” scams. The bank, which has 11.5 million … Read more
I don’t really need to introduce this piece from Sam Varghese of the Sydney Morning Herald. It touches on a theme I’ve harped on before: How banks still don’t understand phishing and how it has changed consumer attitudes, and how it must change the way banks approach the Internet. Phishy behaviour or harmless spin points … Read more
Stealing passwords in the old days used to involve shoulder surfing — cruising past the mark while s/he’s tapping in her/his password into the computer/ATM/cookie dispenser. But I had a scare today that made me realise that this is still a pretty easy way to get information. Newly landed in Hong Kong, I breezed over … Read more
It had to happen some time. Phishing victims are fighting back — against their banks. A Miami Businessman is sueing Bank of America according to AccountingWEB.com and other sources: Joe Lopez, a Miami businessman who regularly conducts business over the Internet, is suing Bank of America for negligence and failure to provide protection for online banking … Read more