IT types, some basic info on internet banking fraud

[Zevico]

I'm writing an essay on internet banking fraud (phishing, scams etc) and how to respond to it both legally, and in the practical sense. Not being a programmer I obviously have no idea about the practical side of things, so I ask for your views on:

(a) practical measures to prevent fraud;

(b) when do you think customers should be liable for failing to take action to prevent fraud? Do you think customers should be liable for falling for a scam? In what circumstances?

(c) some banks now give customers security tokens. These tokens generate random passwords which must be entered on login in addition to password and username. Is this an effective method of fraud prevention? Are there better ways for banks (or customers) to prevent fraud?

(d) how effective is anti-virus software in preventing fraud?


I'd appreciate all opinions. Links to any sources would also be helpful. Many thanks in advance.

[Provost Harrison]

Sorry, I thought you were offering us advice

[Caligastia]

Same here. What a let-down!

[Dauphin]

Watch Firewall starring Harrison Ford. It gives you an accurate depiction of the world of internet banking fraud. Just check out the great review in this link

[onodera]

Who the **** are these settlers? They are either bots or Indians.

[Provost Harrison]

They're sh*t bots...they don't even advertise anything.

[VetLegion]

I'm writing an essay on internet banking fraud (phishing, scams etc) and how to respond to it both legally, and in the practical sense. Not being a programmer I obviously have no idea about the practical side of things, so I ask for your views on:

(a) practical measures to prevent fraud;

Install DOS 6.22

(b) when do you think customers should be liable for failing to take action to prevent fraud? Do you think customers should be liable for falling for a scam? In what circumstances?

Depends on contract with the bank. If, say, the bank requires the use of IE6, and
subsequently a security flaw is discovered and exploited, the customer should
not be liable. But if the contract says he has to install updates for his
OS, and the flaw was fixed but he failed to update, he should be liable. A million
possibilities really.

(c) some banks now give customers security tokens. These tokens generate random passwords which must be entered on login in addition to password and username. Is this an effective method of fraud prevention? Are there better ways for banks (or customers) to prevent fraud?

Tokens are and excellent method of preventing abuse.

(d) how effective is anti-virus software in preventing fraud?

Depends. Modern antivirus software is good at catching viruses, but I don't
know if it can always warn you about installing a keylogger or such.

[Zevico]

Thanks. The essay is long done but it's still interesting to read an opinion on this.