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Hackers Take $1 Billion a Year as Banks Blame Their Clients
- felipemnoa 15y agoI wonder if using security tokens (hardware, not software) would diminish most of these problems? Frankly I'm surprised that big banks do not make this type of stuff mandatory. Making it part of the credit card/debit card would make it very convenient since you always carry it with you. Still, you still need several other layers of protection since even tokens can be hacked.
- chris_j 15y agoMany banks in the UK do require the use of a card reader or a device that generates one time passcodes in order to use online banking. Ironically, a lot of people complain about the inconvenience of having to use them. I wonder if banks have greater liability in the case of fraud than elsewhere.