Banks and security experts cannot agree wether it is safe for banks to continue using e-mail for communicating with their customers because the medium has been hijacked by criminals who try and fool online banking users into divulging their log in details.
Instead of a note and a gun, high-tech bank robbers use a program and an e-mail. Security firms are working overtime to ward off the mounting number of hack attacks.
Around 3,300 new malicious codes have been detected by security software provider Trend Micro from 1-20 August this year.
Don't expect Internet scams, hackers, trojan horses and the like to vanish overnight. The challenge is for banks and customers to minimise their exposure to losses. But how?
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.
Don't expect Internet scams, hackers, trojan horses and the like to vanish overnight. The challenge is for banks and customers to minimise their exposure to losses. But how?
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