It is more important for online banking to make customers feel secure than make those customers actually secure, according to the head of technology at Commonwealth Bank's New Zealand subsidiary, Auckland Savings Bank (ASB).
Security researchers from Cambridge University have discovered a way to attack chip and PIN cards -- and warn only Martian cardholders are safe from the exploit.
Internet advocacy group InternetNZ and the NZ Consumers' Institute have both come out swinging over the New Zealand Bankers Association's (NZBA) decision to allow victims of Internet banking fraud to be potentially held liable for losses.
The Australian Bankers Association says it won't be following New Zealand's lead after its Kiwi peer opted to make users of online banking held liable for Internet fraud.
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