The Commonwealth Bank of Australia (CBA) has commenced a final roll-out of two-factor authentication (2FA) systems that will see 400,000 customers of its NetBank internet banking service upgraded to the secure log-in technology.
National Australia Bank is confident that it has the tools it needs to leapfrog rivals by adopting three-factor authentication, adding an extra means of security to the normal two factors most Australian banks offer customers to secure their transactions.
St George is joining the ranks of financial institutions taking up two-factor transaction authentication to protect its customers from fraud.
St.George Bank may be sacrificing customer security in its aggressive campaign to promote the financial institution's Internet banking facility.
Most Australian banks ramped-up their online service offerings in 2001 and are planning further enhancements in 2002. ZDNet Australia evaluates the choices that are currently on offer and takes a glimpse into the future of Internet banking.
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The idea that attacks on computer systems could provide an alternative method of spreading terror and disruption has been a concern for governments since IT systems began to proliferate.
Banks are slowly moving towards deploying voice-authentication technologies in order to add an extra layer of security for their online and telephone banking customers.
ZDNet Australia looks at some of the biometrics technologies currently available and examines how they can protect your valuable network.
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