Commonwealth Bank online banking customers can request SMS or token-based two-factor authentication to improve the security of their accounts, the bank announced.
Malware-led attacks will increase as cybercriminals respond to tougher security measures, including two factor authentication, according to the Commonwealth Bank's head of e-commerce.
The Commonwealth Bank (CBA) has opted not to deny a report today containing allegations its online banking facility is currently playing host to hundreds of scams involving unauthorised transactions each week.
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.
Customer service at the Commonwealth Bank (CBA) is still not making the grade despite an AU$1.5 billion, three-year transformation project nearing the end of its life, according to new CBA chief Ralph Norris.
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