Online Banking and all the other ways money is learning to fly.

Friday, March 04, 2005

New Industry Helping Banks Fight Back

Phishing is creating opportunities for companies with the technology to fight it. Corillian, the Internet banking provider, uses the novel approach of monitoring activity and warning banks when a number of different accounts are accessed from the same IP address. Unlike the other measures mentioned in the article this seems the best because it can be done without adding technology, that info is already tracked, and because it is a single source, the others cull info from several sources. Maybe I'm being overly simplistic but I think simple works the best.

No comments: