, Washington Post 2004-07-12
Internet scam artists who use fake Web sites to dupe people into revealing sensitive financial information could face up to five years in jail and forced to pay $250,000 in fines under a bill introduced late last week in the Senate.
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Banks should be legislated to provide greater security around their authentication methods. Malls have been sucesfully sued when patrons are robbed because the presence of a Security Guard led the victim to beleive they were safe. The same could happen to a bank.
An ATM card and pin should be useless without the original card and a third-factor authentication, which could be secured using a biometric thumbprint reader at the ATM or interac service. You have the card and the pin but not the thumbprint? No service for you. The technology is there...again, what's more important to the user; Privacy or security?
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Link to this comment: http://www.securityfocus.com/comments/articles/9091/27465#27465