Westpac has admitted that the details of around 1,400 Virgin credit card customers were exposed last week when its system security was breached, but Australia's fourth largest bank has washed its hands of any blame.
SMS-based two factor authentication has been touted as a way of improving online banking security but Westpac's head of information security disagrees.
Westpac Bank is set to improve its security credentials and tackle card swiping scams by issuing credit card holders with chip-embedded smartcards.
Westpac has bucked the trend on policing Internet use in the workplace -- allowing staff to access Facebook from work, building a Web 2.0-like portal in-house and a Westpac-branded site on Second Life.
Westpac is considering additional security measures for its online banking system after a spate of security and availability dramas.
The next time you're buying antivirus software, don't go direct to Symantec or McAfee. Don't download free antivirus. And definitely don't see Harvey Norman. Ask your bank they're quite literally giving the stuff away.
Westpac, one of the biggest banks in Australia, experienced multiple hardware failures on Monday and at the end of last week, which caused its online banking service to fall over for hours at a time. What happened to its backup systems?
Business continuity and disaster planning might seem hypothetical at times, but the finance sector is taking the threat of Avian (bird) flu, which has claimed many lives in Asia, very seriously.
Just as Internet users learn that clicking on a link in an e-mail purporting to come from their bank is a bad idea, phishers seem to be developing a new tactic -- launch a DDoS attack on the Web site of the company whose customers they are targeting and then send e-mails "explaining" the outage and offering an "alternative" URL.
It is quickly becoming the norm for Australia's largest banks to offer discounts on or completely free computer security software to boost internet banking security. The question is, why?
The Commonwealth Bank stands alone as the only top tier bank in Australia with its sights on biometrics as a means to improve security for its customers -- but critics say the technology is still too young.
In this special report, ZDNet Australia presents a three-part exclusive video interview with Westpac Bank chief information security officer, David Backley, in addition to tips and reviews for businesses to thwart security attacks.
The security flaws plaguing Internet Explorer has led to a renewed interest in other browser options, with market research pointing to Firefox as the leading choice. But a bigger problem, if left unresolved, could lead to corporate bottom lines being affected.
Phishing complaints from Westpac customers have massively declined since the height of the hoax last year, according to the bank.
In this special report, ZDNet Australia presents a three-part exclusive video interview with Westpac Bank chief information security officer, David Backley, in addition to tips and reviews for businesses to thwart security attacks.
In this special report, ZDNet Australia presents a three-part exclusive video interview with Westpac Bank chief information security officer, David Backley, in addition to tips and reviews for businesses to thwart security attacks.
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