St George has been leaning on suppliers and re-evaluating its technology projects as it attempts to cut costs.
St.George bank has moved quickly to close a potential security hole discovered by one of its customers early this week.
The NSW government is moving to clamp down on crime rings' stealing and trafficking in credit card data following recent thefts involving information from users of automatic teller machines (ATMs).
At Westpac's annual earnings announcement today, CEO Gail Kelly picked the bank's technology operation as its most notable 'low light' in a year that saw hundreds of IT staff, including the bank's tech titans, purged and replaced with new blood.
St George Bank plans to acquire a customer relationship management-style platform allowing investigators to better track potentially illegal transactions as part of measures to crack down on fraud and money laundering.
Banks are under a great deal of pressure to keep their systems watertight but sometimes they implement security policies that make no sense and create unnecessary inconveniences for their customers.
The Commonwealth Bank stands alone as the only top tier bank in Australia with its sights on biometrics as a means to improve security for its customers -- but critics say the technology is still too young.
Security weaknesses in Microsoft's server and browser software are taking their toll on Australian Internet banking sites.
Individuals have been warned about the threat of identity theft for years. Now it's the turn of businesses.
Many e-commerce deployment options exist, but few are as simple as Business in a Box.
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