Thursday, August 22, 2013

Internet banking fraught with risks, says AP's Banking Ombudsman

........With mobile phones increasingly used for communications and obtaining one-time passwords for internet-based banking, the know your customer standards by mobile telecom operators, especially while issuing the duplicate SIM cards, is now emerging as an area of concern for the bankers. “Instances of fraudsters intercepting one-time passwords by obtaining duplicate SIM cards of bank customers have been reported,” State Banking Ombudsman N. Krishna Mohan said................

No comments: