The Commonwealth bank has moved quickly to side-step a spam e-mail that attempts to trick recipients into divulging Internet banking usernames and passwords.
The Commonwealth Bank will issue free two-factor authentication tokens to some 30,000 "highly active" customers of its Internet banking service as part of a drive to improve security.
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.
Online banking customers of the Commonwealth Bank will have to answer personal identification questions before making some transactions, following a security upgrade to the service.
The Commonwealth Bank today launched a pilot for the new version of its Internet banking product NetBank, Australia's most popular online banking service.
The bank's IT head tells of his challenges with ex- CEO and technology opponent, David Murray.
Australians are continuing to turn to electronic banking channels despite excessive hype over security problems such as skimming and hacking, according to the Commonwealth Bank of Australia.
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