'Banks need to increase security' by Finance News Bulletin

Published: 04/12/07

Moving accounts from one store to another is "easy", according to the British Bankers' AssociationThe value of Christmas presents can "significantly" affect home contents insurance, warns NFU MutualAxa is initiation My Budget Day on November 21st in an effort to give confidence people to take control of their financesA number of banks are not protecting their customers from online deception attacks, according to a new report

Heise security, which published the piece of writing, listening carefully on the problem of phishing, where customers are sent a fake electronic mail posing as one from their bankThe electronic mail asks them to provide passwords and other confidential details about their explanation, which criminals can then accessHowever, Heise found that four out of seven online banks have not greater than before their security although they are conscious of the risks posed to their customersIt conducted a examination where the banks' online banking pages were replaced with fake ones and found that Cahoot, First Direct and the store of Scotland have failed to take adequate safety measures that would make this kind of attack not possible

"It is in the banks' own best interest to help their clientele feel safe and secure when banking online," Heise statedHeise sustained, stating that by being open to phishing attacks, internet banks had "ignored some of the most essential security events that every web developer should be aware of"It was also found that while the Bank of Ireland and the Link have taken action to prevent this kind of security breach from happening again, Natwest's labors have not been enough and it is still open to assaultAccording to internet intelligence solid Envisional, one bank was recently attacked by phishers

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