Commonwealth Bank of Australia will tomorrow roll out a new internet banking portal that will allow millions of customers to personalise their online experience, following a trial with 10,000 users.
Phase one of National Australia Bank's core banking system replacement strategy will be completed by June this year, the bank's chief executive Cameron Clyne said today.
St George today revealed it had undertaken a minor re-shuffle within its IT management ranks last year, following its acquisition by larger bank Westpac.
Prime Minister Kevin Rudd has promised to bolster Australia's cyber-defences to fend off the threat posed by hackers.
ANZ has catered to those users about to purchase an iPhone by launching a new internet banking service customised for the device.
Strong passwords do not necessarily provide better security so why do we persist creating ones that are hard to guess -- and hard to remember -- when a computer can crack them in seconds, asks Bill Cheswick, distributing computing and communications researcher for AT&T Labs.
ING Direct Australia says it will not follow its US arm and give free security software to its local customers.
The 55 Australian organisations that took part in Australia's cyberwar games, Cyber Storm II suffered "death by a thousand cuts", according to the head of Australia's Cyber Storm II effort.
For almost two years the OpenSSL library used by Linux distribution Debian has been generating useless cryptographic keys although Debian has issued a patch, experts warn that systems may still be exposed.
In the wake of the confirmed AU$18.6 billion merger between Westpac and St George Bank, observers have forecast that the IT hangover from the deal could take at least three years to wear off, but in the process the merged banking entity will become one of the largest IT shops in Australia.
It is more important for online banking to make customers feel secure than make those customers actually secure, according to the head of technology at Commonwealth Bank's New Zealand subsidiary, Auckland Savings Bank (ASB).
Security experts have hacked ATMs to show how easy it is to steal money and bank account details from modern cash machines.
ANZ launch M-Banking, allowing customers to make a variety of bank transactions from any Java-enabled mobile handset.
The CSIRO has developed a tool it says will prevent criminals snooping online communications, but hacking experts say the system is not foolproof.
St George is joining the ranks of financial institutions taking up two-factor transaction authentication to protect its customers from fraud.
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