Commonwealth Bank online banking customers can request SMS or token-based two-factor authentication to improve the security of their accounts, the bank announced.
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.
New Zealand's ASB Bank is implementing a new authentication system that uses SMS messaging to reduce the potential for mass Internet banking fraud.
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.
Who's logging on and what services are on offer when it comes to Internet banking? ZDNet Australia investigates Web banking services, and profiles Australia's leading e-banking providers.
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