A study by the Australian Bureau of Statistics has revealed that in 2007 half a million people fell victim to some form of fraud 383,300 were victims of credit and bank card fraud.
Australia's AU$90 million per annum credit card fraud bill is too small to force the rollout of chip and PIN card reading technology, says the chief executive of the Australian Payments Clearing Association.
The International Organization for Standardization (ISO) has released a standard for the use of biometric authentication at financial institutions but banks are unlikely to invest in the technology.
It took help from three security experts, Citibank's spokesperson, dozens of e-mails and almost a full working day of investigation to confirm that an e-mail I had seen from Citibank was not actually a clever phishing attempt.
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