Phishing Liability Concerns Online Banks
9th Sep 2005, 17:52 GMT
For the last year or so, online financial institutions and their IT consultants -- as well as consumer interest groups -- have focused on fixing security, adding authentication and encryption and other technologies to forestall scammers. But the phishing plague continues. Now, experts tell The E-Commerce Times, banks may soon be on the hook for financial losses by customers if they cannot secure their online stores.
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