Security Top Concern for Online Bankers

Posted by John B. Frank Tuesday, June 2, 2009

Editor's Note: Had you not yet noticed, today is kindova "What's Wrong with Online Banking day" at the PIN Payments News Blog.

Today's theme is the lack of security attached to online banking and how easy it would be to fix it by adding the missing piece to the puzzle.

There's been so much news lately regarding phishing, XSS attacks, what-have-you, that it will be easy to populate this blog with stories that are no older than 3 days old... stories which "clearly" evoke the message that it's time we start doing things differently.

There will be several posts today concerning online banking.

Here's one from the Beijing Morning Post.

ITWeb :Security top concern for online bankers

The Beijing Morning Post in conjunction with iResearch, recently conducted a survey on consumer attitude toward the use of online payments, says People's Daily.

The survey result shows security is still the main factor that netizens take into consideration when making online payments, with 66.3% of all users surveyed considering security the most important thing when it comes to the use of online banking.

The survey indicates that 79.2% of participants currently use online banking services, while 8.46% used online banking services in the past but no longer do.

American Banker Reports the following:

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