Online Banking Security and Consumer Confidence

Moloney, Andrew
April 2009
Credit Control;2009, Vol. 30 Issue 4/5, p28
Trade Publication
The article focuses on the reduction of online fraud in online banking to maintain consumer confidence. It states that the emerging online fraud brought the organised, sophisticated, and innovative technological crime in the financial industry. It says that the bank operating costs of more than nine million could be brought by consumers' security and fraud concerns. It adds that the level of phishing attacks have direct correlation with the level of online fraud losses.


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