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Did you even read the article? 2 way auth wont save you when a trojan on your pc uses the codes you enter and in the background change the destination accounts you make deposits to. You need to have your pc clean for that, the 2 way auth just helps that someone doesnt do transactions with only your username/password.Two step authentication is a must, and not via SMS. That is the only secure way to do banking, period.
While the existence of such malware is alarming, Absa’s head of digital channels and payments, [highlight]Adrian Vermooten, said that from the forensic investigations they’ve done, South African Internet banking users have remarkably clean computers.[/highlight]
“A lot of South African customers have anti-virus,” Vermooten said, adding that South Africans tend to be good about keeping their computers protected.
“I think it’s also because we have a relatively small Internet user-base in SA that are very informed about anti-virus,” he said.
According to Vermooten, this means that the vast majority, if not all cases of online banking fraud they’ve seen in South Africa, was due to the victim responding to a phishing attack.
This Vermooten guy must think we are all stupid and buying into his absolute BS...