Bank Info Security's Linda McGlasson's take on online banking sounds vaguely familiar. A perfect storm IS brewing and if banks want to safely maneuver their way through they will need better security on board. Our technology eliminates typing, thus the threat posed from phishing.
Online banking malware recognizes when you visit a financial institution and keystroke logs your online banking credentials.
With our system in place, the online bank server recognizes when you visit and rather than asking the you to type in your credentials, it would instruct you to do the same trusted process to withdraw cash at an ATM.
Swipe your card and Enter their PIN. Existing Cards, Existing PINs, Existing Bank Rails. No Skimmers...No Hidden Cameras. That's protection. Even against Trojans.
The Perfect Storm is Brewing
There's a storm brewing on the horizon for the financial services industry, and it may be as devastating as "The Perfect Storm."
I was talking with one of my security forensics contacts, and he related a bit of insight that made me stop and think.
"Why is it," he told me, "that a bank will weigh the scales of risk and consider it better to take $1 million in losses rather than spend $2 million to fix its security and stop the fraud in the first place?"
 | The 'perfect storm' is coming, fueled by the public opinion that their banks aren't doing enough to protect  |
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