Cell Phones Defeat Online-Banking Fraud

June 2008
Bank Technology News;Jun2008, Vol. 21 Issue 6, Special section p8
Trade Publication
An interview with Steve Smith, director at Clareity Security Financial Services, is presented. Smith states that online banking was bracing for a surge of new malware and man-in-the-middle attacks. He added that Clareity Security's new TEXT-pass+ user-authentication and transaction-verification system provides the highest level of two-factor/two-channel authentication available. He stressed that customers do not resist new technology because extra layer of communication protects accounts.


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