Your Defense against Account Takeover
There are now continuous warnings from the authorities about account takeover attacks, and people still barely realize how easy it is or what they can do.
There seems to be some cases where banks are settling, as in the Comerica case, However there is plenty of ambivalence to go around as is evident from the Patco case: in this latter case, the court held that the customer accepted the bank's security regime as adequate by signing their account agreement.
After all, who is supposed to be the expert on banking security? The client or the bank? What's reasonable? Probably the last word has not been spoken on this, and things are changing, particular as the newest FFIEC guidance indicates where many issues are starting to be addressed, which previously were not mentioned, including key logging, and multi-factor authentication, as well as the ever important out of band, concept.
As a customer there are a lot of things you cannot change, but some that you can. The primary protection as a customer apart from all the usual security measures, is anti key logging protection, and the one viable solution is GuardedID®, because it defeats key logging at the most fundamental level. So it is a black and white solution, not a probalistic one like firewalls, or anti-virus, and because of the very specific nature of this threat, which figures is almost all major security breaches, it is the first protection we should be using on our PCs.
There seems to be some cases where banks are settling, as in the Comerica case, However there is plenty of ambivalence to go around as is evident from the Patco case: in this latter case, the court held that the customer accepted the bank's security regime as adequate by signing their account agreement.
After all, who is supposed to be the expert on banking security? The client or the bank? What's reasonable? Probably the last word has not been spoken on this, and things are changing, particular as the newest FFIEC guidance indicates where many issues are starting to be addressed, which previously were not mentioned, including key logging, and multi-factor authentication, as well as the ever important out of band, concept.
As a customer there are a lot of things you cannot change, but some that you can. The primary protection as a customer apart from all the usual security measures, is anti key logging protection, and the one viable solution is GuardedID®, because it defeats key logging at the most fundamental level. So it is a black and white solution, not a probalistic one like firewalls, or anti-virus, and because of the very specific nature of this threat, which figures is almost all major security breaches, it is the first protection we should be using on our PCs.
Posted by Rogier at 8/23/2011 1:04 PM 
Categories: uncategorized
Tags: account takeover Comerica Patco FFIEC key logger GuardedID
Categories: uncategorized
Tags: account takeover Comerica Patco FFIEC key logger GuardedID
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