| Wachovia strengthens online security with RSA | | Posted Wednesday, February 07, 2007 2:47:03 PM by Blog57 Team | | RSA, the security division of EMC, has announced that Wachovia Corporation has deployed the RSA Adaptive Authentication offering and joined the RSA eFraudNetwork community strengthen its online banking security. As part of its Security Plus suite of services, Wachovia has deployed behind-the-scenes protection for its online banking application, both at the front door and within the application, using RSA Adaptive Authentication for Web. .... | |
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| | | Majority of Brits using online banking | | Posted Thursday, January 25, 2007 12:53:35 PM by Blog57 Team | | More than two thirds of Britons used internet banking to conduct the majority of their banking in 2006, according to a recent survey. The study, conducted by Lloyds TSB, found that the figure compared with fewer than one in five during 2005. More than half of those questioned said they used online banking more often this year than they did last year, while 70 per cent of the over 50s cited the money management method as being their preference. The most popular reason given for banking online was the constant availability of the service, with the second most cited answer being the convenience of financial management regardless of the place. Anita Hockin, head of Internet, Lloyds TSB said: "The growth of internet banking is phenomenal and this year is set to break records." However, she went on to issue a warning to consumers: "The popularity of internet banking is at an all time high but it is important not be complacent about fraud." Ms Hockin assured consumers they would be safe using Lloyds TSB's services because the bank had security precautions in place, including anti-virus software and firewalls.... | |
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| | | TECHBRIEFS: MySpace, Plastic electronics, Boomer search, Game banking, Online gas | | Posted Wednesday, January 17, 2007 2:47:01 PM by Blog57 Team | | MySpace launches French version Thursday LONDON (AP) -- The popular social-networking hangout MySpace.com will officially launch a French version Thursday as it seeks traction in a crowded European market. The new site -- fr.myspace.com -- will face competition from established French sites like Skyblog.com, which counts some 6.6 million users, and newer, U.S.-based networking sites that are seeking to expand their horizons. MySpace, owned by News Corp., has secured advertising deals with a host of French businesses, including national rail network SNCF, French bank BNP Paribas SA and Vivendi SA's telecom branch SFR. The site already dominates in Britain and Ireland, beating out Bebo.com, locally grown Friends Reunited and MySpace's U.S.... | |
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| | | Online banking requires pop quiz | | Posted Thursday, December 28, 2006 12:46:43 PM by Blog57 Team | | The next time you log onto your bank's online site, you might feel as if you're in your own game of Trivial Pursuit. Or the changes afoot could be invisible to you. But there might be extra checks and precautions behind the scenes to make sure you really are the person who is supposed to be getting into your bank accounts. Although there's no Mission Impossible-like scanning of your retinas, the federal government told financial institutions, including banks and credit unions, that they had to take extra steps this year to protect consumers who bank online. The government left the details up to the banks, which had to comply with what's called a ``two-factor authentication'' process. That just means the banks need to take two steps to verify your identity beyond your user name and password.... | |
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| | | What to know for online banking | | Posted Wednesday, December 27, 2006 2:46:55 PM by Blog57 Team | | If you regularly delete your ``cookies'' -- little files on your computer that remember preferences on Web sites -- you might need to re-register your computer when you go back to your bank's site. This will vary by bank. • If you have problems and are locked out of the online system, you can always call into the bank's phone system to talk to a bank representative and answer other questions to prove who you are. Then you can complete your transaction on the phone or go back online. • In general or if you're traveling, bank officials don't recommend using public computers to do online banking because anti-virus programs may not be updated and the information could stay on the screen after you log off. Traveling with your laptop should not give you problems logging into the systems because the banks will recognize that registered laptop.... | |
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| | | Online Banking Fraud in UK on the Rise | | Posted Thursday, November 23, 2006 12:46:58 PM by Blog57 Team | | A surge in 'phishing' in the first half of 2006 has produced a sharp rise in the amount of money being lost to online banking fraud. UK banks reported a 55 per cent increase in losses from fraudulent online transactions for the first half of the year.Phishing involves using fake web sites to lure people into revealing their bank account numbers. The number of recorded incidents rose 16-fold to 5,059, said the Association of Payment Clearing Services (APACS).Losses totalled USD 42.8 million, up from USD 27.6 million from the first six months of 2005, according to APACS.However, the amount of money lost to credit and debit card fraud fell again. APACS said this was due to the continued impact of the new chip-and-pin cards. These cards were introduced by the banking industry in 2004 in an attempt to combat the rapid rise in fraud using plastic cards.Plastic card fraud in the first half of 2006 was down 5per cent on a year ago, at UKP 209 million, with losses due to cards that were stolen in the post being more than halved.... | |
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| | | Monster online job index rebounds | | Posted Tuesday, November 14, 2006 2:47:17 PM by Blog57 Team | | Business Finance and city news online from Interactive Investor (www.iii.co.uk). Plus financial and currency market news and information 24/7. Stock prices, share prices, currency markets news and business finance headlines. Also news from AFX and Reuters. UK online business, currency, markets and financial news .... | |
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| | | General Economic Growth in Russia Lifts Banking Sector | | Posted Monday, November 13, 2006 10:48:28 AM by Blog57 Team | | Research and Markets (http://www.researchandmarkets.com/reports/c45018) has announced the addition of Russia: Small Banks Exit; Largest Banks Take Eyes Off Retail to their offering. ¶ The coming of warmer weather lifted up the Russian economy, effectively spurring growth of the banking sector. However, in Feb 2006 the largest banks still lagged behind smaller ones, mainly in the retail segment indices. Another important trend is the intensification of sector filtering, caused partly by self-destruction of many small and now even medium-sized banks. ¶ IntelliNews CIS Sector Updates comprises analytical overviews of more than 80 economic sectors across the CIS region, mainly focusing on Russia, Ukraine, and 5 countries of Central Asia. The reports examine latest developments, statistics, trends, and prospects of most actively developing industries.... | |
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| | | Using online banking to improve your finances | | Posted Sunday, November 12, 2006 6:48:34 AM by Blog57 Team | | Great strides in technology have made life a lot easier. Thirty years ago, anyone who had to transact with the bank had to go to his own branch, bring his passbook, fill up forms, fall in line, and then wait for his turn. The advent of automated teller machines (ATMs) in the 80s made it possible for people to withdraw cash and do other banking transactions even after banking hours or on weekends all in less than five minutes. Then came phone banking which allowed depositors to do the same without leaving their house or office. With the Internet age, consumers do not even have to wait for a phone operator. A computer and an Internet connection will allow anyone to transact with their bank at the click of a mouse. Bank when you feel like it Why go online for banking? It is an alternative way of banking with many benefits, among which are the following: It is convenient.... | |
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| | | TCF Strengthens Online Banking Security with RSA(R) Adaptive Authentication Delivered by S1 | | Posted Saturday, November 11, 2006 2:48:37 AM by Blog57 Team | | WAYZATA, Minn., Nov. 8 /PRNewswire/ -- TCF Financial Corporation (TCF) announced today that it has selected the RSA(R) Adaptive Authentication solution to provide enhanced security to consumers banking online. TCF will deploy the solution's proven, risk-based authentication and site-to-user authentication modules. RSA Adaptive Authentication is delivered by S1 Corporation (Nachrichten), which teamed with RSA, The Security Division of EMC , earlier this year to offer enhanced online banking security solutions to its financial institution customers. "Our customers' security is extremely important and with the increase in online fraud and identity theft, as well as the FFIEC's year-end deadline approaching, we are providing our customers with stronger online banking protection," said Earl Stratton, CIO TCF.... | |
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