Should Australians be worried that NZ bank customers are being used as "lab rats" to see if users could be made liable if they fall victim to online fraud?
Security weaknesses in Microsoft's server and browser software are taking their toll on Australian Internet banking sites.
The number of online bankers in Australia is steadily rising and CBA continues to entice the majority of them to its services, according to recent reports.
Information communications systems at Westpac Australia were down this afternoon, affecting ATMs, branches, and Internet banking countrywide.
In the wake of the confirmed AU$18.6 billion merger between Westpac and St George Bank, observers have forecast that the IT hangover from the deal could take at least three years to wear off, but in the process the merged banking entity will become one of the largest IT shops in Australia.
The next time you're buying antivirus software, don't go direct to Symantec or McAfee. Don't download free antivirus. And definitely don't see Harvey Norman. Ask your bank they're quite literally giving the stuff away.
Westpac, one of the biggest banks in Australia, experienced multiple hardware failures on Monday and at the end of last week, which caused its online banking service to fall over for hours at a time. What happened to its backup systems?
Just as Internet users learn that clicking on a link in an e-mail purporting to come from their bank is a bad idea, phishers seem to be developing a new tactic -- launch a DDoS attack on the Web site of the company whose customers they are targeting and then send e-mails "explaining" the outage and offering an "alternative" URL.
Security weaknesses in Microsoft's server and browser software are taking their toll on Australian Internet banking sites.
It is quickly becoming the norm for Australia's largest banks to offer discounts on or completely free computer security software to boost internet banking security. The question is, why?
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.
The security flaws plaguing Internet Explorer has led to a renewed interest in other browser options, with market research pointing to Firefox as the leading choice. But a bigger problem, if left unresolved, could lead to corporate bottom lines being affected.
It's impossible to predict what lurks in cyberspace but there's sufficient evidence, for the corporate sector especially, to wake up and smell the patches. Unfortunately, Westpac failed to heed the warning signs.
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