It's all fine and good saying that your systems are secure and not hackable.
Banks should do more to protect their customer accounts.
LLOYDS TSB ONLINE BAN CODE
Even better, they could integrate the online security with mobile phones or pagers by sending the security code via text message. If the banks could organise themselves so that their customers would only require one key fob to login, then that would be more appealing to everyone. I have several online bank accounts and it would be very impractical to carry a dozen or so key fobs around. Have you been affected by issues covered in this story? "The journey we're on will probably end up as a card which can do both internet banking and card-not-present (credit card) transactions," he said. Other banks are trying different devices, and Mr Timms acknowledged that the keyring-style token would probably not be the final format. "Fraudsters are becoming increasingly cunning with their tactics, and there's no hiding the fact that fraud is on the increase," said Matthew Timms, Lloyds TSB's internet banking director. Lloyds TSB hopes the move will mean keyloggers and phishing emails will not have time to use any details they collect. They will do the same every time they need to confirm a transaction, instead of simply repeating their password. The customers testing Lloyds TSB's new system will press a button on their device to generate a new six-digit number every time they log on.
LLOYDS TSB ONLINE BAN TRIAL
This stance contrasts with warnings from some other banks - notably HSBC - that in future customers could be held responsible if they do not keep security up to date on their machines.īut Lloyds also hopes that its trial system could effectively toughen up customer access - regardless of the state of their computer. The bank says it is guaranteeing that they will not suffer from losses even if their PCs are compromised, as long as they have not - for instance - given their password away intentionally. Lloyds says that about £12m was lost to this kind of scam in 2004 - but it warns that attacks are multiplying fast.
LLOYDS TSB ONLINE BAN SOFTWARE
The aim of using menus rather than the keyboard has been to defeat so-called "keyloggers", tiny bits of software which can be used by hackers who have breached a PC's security to read every key pressed and thus sniff out passwords.īut newer keyloggers now also take screenshots, which can reveal the entire memorable word after the bank's website has been used just a few times.Īlternatively, fraudsters use "phishing" emails, which tempt customers to log onto a fake banking website and enter their details. Then, on a second screen, they are asked to use drop-down menus to choose three letters from a self-chosen memorable piece of information.
Until now, Lloyds TSB has used a two-stage system for identifying its customers.įirst, users must enter a username and password. Similar systems are already in use in Asia, Scandinavia and Australia. The code, which changes every 30 seconds, could help fight fraudsters who hack people's PCs or use "phishing" emails to steal login details. Lloyds TSB is to trial a new security system for online banking customers, in an attempt to beat internet fraud.Ībout 30,000 customers will receive keyring-sized security devices, which generate a six-digit code to be used alongside usernames and passwords. Lloyds is following in the footsteps of banks elsewhere
0 kommentar(er)
