ONLINE BANK
Online bank fraud up by 55% Guardian Unlimited Losses from online banking fraud have risen sharply following a surge of nearly 1,500% in the number of bogus bank websites used by criminals to plunder people's accounts, new figures show. Online bank fraud up by 55% Guardian Unlimited Money: Surge of nearly 1,500% in the number of bogus bank websites used by criminals to plunder people's accounts. Online Weirdness The Motley Fool via Yahoo! News "Shares of payments facilitator and online banking software provider Online Resources (Nasdaq: ORCC - News) took a tumble yesterday, on no news that this Fool could discern. After all, the company doesn't report its Q3 2006 earnings report until tomorrow afternoon. Does someone know something we don't know?" -- "Foolish Forecast: The Bank on Online Resources," October 25, 2006 Online fraud losses increase 55 per cent Computing.co.uk Tom Young, Computing , Tuesday 7 November 2006 at 00:00:00 Figures from Apacs say cost of fraud has risen to £22.5m Figures released today by UK payments association Apacs show that online bank fraud losses rose by 55 per cent from £14.5m in the first six months of 2005 to £22.5m in > Read the full article FundsXpress and First Arkansas Bank & Trust Announce Multi-Year Renewal of Business Partnership PR Web FundsXpress Financial Network, Inc., the premier provider of online financial services, today announced a multi-year extension and expansion of their successful business partnership with First Arkansas Bank & Trust, a $500 million financial institution based in Jacksonville, Arkansas. With close to 30 percent of account holders using Internet banking, First Arkansas Bank & Trust is committed to World Bank plots global tax take BBC News A report backed by the World Bank lists the heroes and villains in the global business tax league table. Online banking fraud rises fast BBC News A surge in "phishing" has produced a sharp rise in the amount of money being lost to online banking fraud. Online bank fraud up by 55% Guardian Unlimited The number of bogus websites used by criminals to plunder people's accounts surge by nearly 1500%. Bank of America positions itself as brokerage power BizJournals If people didn't know Bank of America Corp. was already a big player in the securities brokerage business, executives say the recent offer of free online trades clearly made the point. But giving away trades -- provided customers have at least $25,000 in deposits at Bank fraud drives adoption of two-factor authentication Computer Weekly Banks will come under further pressure to adopt two-factor authentication technology following a 55% increase in the cost of online banking fraud over the past year.
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