Internet Fraud Challenges Today’s Online Business Banking Applications

You've got to hand it to the hackers.

Actually you don't.

But that would require for you to stop typing your credit/debit card numbers and/or online banking credentials into boxes on a website.

Keep on typing and you'll keep on "handing" your cardholder data and online banking "username" and "password" over to the hackers.

SSL is hackable. EV SSL is hackable. HttpS: is really HttB.S and if you type they WILL swipe...

If your cardholder/online banking credentials are going to be swiped...wouldn't you rather be the one doing the swiping? You DON"T have to hand it to the hackers...swipe/don't type!

From Online Banking Solutions:

In a recent article from The Washington Post, light was shed on the current state of online business banking security. Businesses are increasingly falling victim to Internet fraud with billions of dollars lost each year. The problem, however, is not online business banking, but rather the commercially available browser and security levels offered for these solutions.
Malware is focused on the browser and banks have little or no control over customers’ computing environment.

In today’s networked world, the browser and e-mail are the ubiquitous software tools used for information exchange. When applied to business banking, bill payment and ecommerce, the Internet is a haven for hackers waiting to steal identities and perpetrate fraud.

Increased business banking malware attacks represent a change in the way hackers are operating. It is no longer a game, but a business.

About Online Banking Solutions
Founded in 2002 by a management team that pioneered Web cash management and business banking technology, launching two successful financial technology companies, Online Banking Solutions (OBS) provides next-generation Online Messenger multi-channel reporting, transaction and file delivery services to banks including seven of the top 50 U.S. financial institutions. For more information, visit www.onlinebankingsolutions.com.

Related articles by Zemanta

• HomeATM at FinovateStartup09 Today (pindebit.blogspot.com)
• Franklin Savings Bank Website Hit by Malware (pindebit.blogspot.com)
• Online Banking's Innate Security Flaws (information-security-resources.com)
• If "Https://" is Really "Httbs//" Then How Do You Secure Online Transactions? (pindebit.blogspot.com)
• Merchant Risk Council to Sponsor CNP Payment Forum (pindebit.blogspot.com)
• New Standard for Encrypting Card Data in the Works - HomeATM Already Done (pindebit.blogspot.com)