This article was written by Rob Rachwald (note: he’s the Director of Product Marketing for Fortify).
From IT Wales:
Banking online has become increasingly pervasive and is becoming more and more common. But has it reached a point where its actually safer than going to your local branch?
The risks of banking online are numerous
* Hackers have global reach – if you’re doing offline banking in Birmingham, you only need to be worried about bad guys in Birmingham, for instance the customers and employees present in your local branch. If you’re banking online, anyone in the world could attack you and your assets.
* Automation – in the physical world attackers are limited by their ability to manipulate physical items like making an extra copy of your account number. In the online world attackers are essentially unlimited in the resources they can bring to bear.
* Online security is opaque to the end user. People who aren’t particularly tech savvy have a tough time differentiating between good online security practices and bad online security practices. Security in the physical world is much more intuitive for most people – keep your chequebook in a safe place or don’t let someone peek when you are entering your PIN.
For the full piece read on.
[tags]Online Banking, Internet Banking, Online Banking Safety[/tags]
