NEEDHAM, Mass. – Phishing is evolving into something much worse– online fraud techniques that take a variety of forms and leavethe consumer desktop highly vulnerable to malware attacks. And ifcredit unions and other financial institutions want to retainend-user confidence, and keep the online channel viable, theindustry needs to develop stronger authentication methods asconsumers' credentials are increasingly compromised. Those strongwords come from a new TowerGroup report titled “The Sky IS Falling:The Need for Stronger Online Banking Authentication.” The graphicsshown here illustrate the report's major points.
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