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.
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.
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.
After experiencing glitches and delays, the new version of Commonwealth Bank's online banking service will finally be launched this weekend.
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