{"id":549416,"date":"2006-07-05T07:09:05","date_gmt":"2006-07-05T07:09:05","guid":{"rendered":"http:\/\/localhost:8888\/wordpress\/technology\/549416-online-banking-still-secure.html"},"modified":"2006-07-05T07:09:05","modified_gmt":"2006-07-05T07:09:05","slug":"online-banking-still-secure","status":"publish","type":"post","link":"https:\/\/mybroadband.co.za\/news\/technology\/549416-online-banking-still-secure.html","title":{"rendered":"Online banking ‘still secure’"},"content":{"rendered":"

However, it cautioned clients against using public terminals, especially internet cafes, for internet banking. <\/font><\/p>\n

The statement comes in the wake of fresh reports of attacks on bank accounts by hackers. <\/font><\/p>\n

However, the country’s major banks insist online banking still is safe. <\/font><\/p>\n

Nedbank’s head of virtual channels, Maire Eltringham, said: "Internet banking is still secure – it is the security of the computers in public places that has potentially been compromised. <\/font><\/p>\n

Sophisticated equipment<\/b> <\/font><\/p>\n

"Criminals are using sophisticated equipment like spyware or key logging devices to retrieve personal information like login information and passwords to gain access to the client’s account and transfer funds. <\/font><\/p>\n

"There is a syndicate targeting clients that do online banking, and all banking clients are vulnerable. <\/font><\/p>\n

"Fortunately, Nedbank’s internet banking security has not been breached to the extent that the some of the other banks have. <\/font><\/p>\n

"This is possibly due to the additional security that Nedbank’s internet banking service offers," said Eltringham. <\/font><\/p>\n

According to him, payments to third-party accounts that are not pre-registered on a customer’s profile require additional security by means of SMS authorisation where a unique reference number is sent to the client’s cellphone before the payment can be made. <\/font><\/p>\n

This second-level authorisation provides an additional layer of security that further protects the customer. <\/font><\/p>\n

Eltringham said: "The additional layer of security on Nedbank’s internet banking provides additional protection for clients from such syndicates. <\/font><\/p>\n

SMS feature<\/b> <\/font><\/p>\n

"Because the SMS feature operates independently of the client’s computer, it is unlikely that the once-off unique reference number can be compromised by fraudsters using key logging software. <\/font><\/p>\n

"Nedbank’s approach to internet banking aligns with best practice as described by industry experts. <\/font><\/p>\n

"Nedbank will continue to monitor developments in the online environment with a view to anticipating new risks and introducing additional security measures for the benefit of its clients," said Eltringham. <\/font><\/p>\n

Discuss this article<\/font><\/a> <\/p>\n

\n","protected":false},"excerpt":{"rendered":"

Nedbank (NED) has joined the country’s other major banks in assuring clients that internet banking remains secure. <\/p>\n","protected":false},"author":23,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_sma_x_autopost_status":"idle","_sma_x_autopost_error":"","_sma_x_post_id":"","_sma_facebook_post_id":"","_sma_instagram_post_id":"","_sma_threads_post_id":"","_sma_x_attempts":0,"footnotes":""},"categories":[17],"tags":[],"class_list":["post-549416","post","type-post","status-publish","format-standard","hentry","category-technology"],"_links":{"self":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/549416"}],"collection":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/users\/23"}],"replies":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/comments?post=549416"}],"version-history":[{"count":0,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/549416\/revisions"}],"wp:attachment":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media?parent=549416"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/categories?post=549416"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/tags?post=549416"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}