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Wednesday, March 30, 2005

Europeans worry about online banking security

Phishing, keystroke logging and other types of scams are increasingly worrying users of online banking services in Europe while scaring others away, according to a report issued from Forrester Research Inc.

That means, according to Forrester, banks can’t rely solely on governments or ISPs (Internet service providers) to make the Internet a safe place to do business but must deploy or strengthen two-factor authentication—such as PIN (personal identification number) and TAN (transaction authorization number)—and educate Net users about security precautions, such as firewalls.

European consumers are losing trust in the Internet as a channel for doing business as computer attacks on them and the companies they do business with mount, according to Forrester.  Just 30 percent of the 22,907 Europeans polled by Forrester said they are confident of the security of personal financial information, such as credit and debit card numbers, when used to make transactions online.

http://security.itworld.com/4337/050330bankingsecurity/page_1.html

Posted on 03/30
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