Wednesday, 24 November 2010

Dangers of using general purpose computers for specific purposes

The benefits of being able to use a general purpose computer for online banking is also the curse of being able to use a general purpose computer for online banking - namely all the other purposes for which the computer is used and by which it can be exploited.


An escrow firm in Missouri is suing its bank to recover $440,000 that organized cyber thieves stole in an online robbery earlier this year, claiming the bank’s reliance on passwords to secure high-dollar transactions failed to measure up to federal e-banking security guidelines.

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