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Ellis in Wellyland

Tuesday, May 16, 2006

Internet Banking Security

Today's Dominion Post has a front page story about a couple who had $990 stolen from them when a keystroke logger sent their ANZ Internet Banking Login details to a fraudster. Foretunately the ANZ has tracked down the fraudster and laid a complaint with the Police, and also refunded the couple the lost amount.

However, if they were with the Bank of New Zealand and signed up for the Netguard service (which is free!) this wouldn't have happened. It defeats keystroke logging software by making you enter random characters off a unique grid - each time you login there are different characters so fraudsters can't get past the security.

I use this service, and while it takes a few extra seconds to login into Internet Banking I find the extra security reassuring - especially when you hear of stories like the one in today's paper.

More details of the Bank of New Zealand product, including terms and conditions, are available here. If you want to know more, send me an email (link is at the top of the page) and I'll arrange for a Banking Specialist to contact you.

1 Comments:

  • Or, you could make yourself less of a target, by ditching Windows and using Linux, or buying a Mac.

    At the very least, you could use anti-spyware apps. It's not up to the bank to ensure the security of your computer.

    By Blogger Rich, at 12:05 PM  

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