CBA prepares for malware attacks
Malware-led attacks will increase as cybercriminals respond to tougher security measures, including two factor authentication, according to the Commonwealth Bank's head of e-commerce.
CBA e-commerce general manager Marcus Judge said he expected more miscreants to try and convince unsuspecting users to download malware, which allows unauthorised access to a computer, as a result of widespread adoption of two factor authentication in the banking community. Malware usually performs some sort of unauthorised activity such as keystroke logging or allows remote access to a computer.
The CBA last month introduced mobile phone codes and tokens as a second layer of online transaction security for its 2.3 million retail customers. Judge claimed 65,000 customers have signed up to the bank's latest security measure.
