Yahoo! News – EU Launches Anti-Spam Campaign, Seeks Tough Action
Thu Jan 22, 1:47 PM ET
By Lisa Jucca
BRUSSELS (Reuters) – European Union (news – web sites) governments should toughen sanctions against junk e-mails that now account for half of global Internet mail traffic, the EU Commission said in a policy document on Thursday.
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Yahoo! News – Risks Seen in Pentagon’s Internet Voting Plan
Wed Jan 21, 6:47 PM ET
By Andy Sullivan
WASHINGTON (Reuters) – The U.S. government should abandon an Internet-voting system planned by the Pentagon (news – web sites) because hackers could easily tamper with election results, several computer-science professors said on Wednesday.
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FTC Releases Top 10 Consumer Complaint Categories in 2003
Federal Trade Commission
for the consumer
Identity Theft Complaints Continue to Top List; Internet Related Fraud Complaints Soar
The Federal Trade Commission has released its annual report detailing consumer complaints about identity theft and listing the top 10 fraud complaint categories reported by consumers in 2003. For the fourth year in a row, identity theft topped the list, accounting for 42 percent of the complaints lodged in the FTC’s Consumer Sentinel database. The FTC received more than half a million complaints in 2003, up from 404,000 in 2002, and Internet-related complaints accounted for 55 percent of all fraud reports, up from 45 percent in 2002.
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Yahoo! News – Identity Theft, Internet Fraud Reports Up in U.S.
Thu Jan 22, 3:13 PM ET
By Andy Sullivan
WASHINGTON (Reuters) – Americans reported losses of $437 million last year to identity theft and fraud as scam artists made themselves at home on the Internet, according to federal statistics released on Thursday.
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Consumer Ministers Advance Initiatives to Protect Consumers in a Marketplace Without Borders
WINNIPEG, Manitoba, January 16, 2004 — Federal, provincial and territorial ministers responsible for consumer affairs met today in Winnipeg to deal with consumer protection issues associated with a rapidly changing and increasingly open marketplace. The meeting was co-chaired by the Honourable Lucienne Robillard, Minister of Industry and Minister responsible for the Economic Development Agency of Canada for the Regions of Quebec, and the Honourable Gregory Selinger, Manitoba Minister of Finance. The ministers announced agreement on a series of cooperative initiatives to promote consumer protection in the following areas: electronic commerce, identity theft, credit card chargebacks, interjurisdictional transactions, short-term credit markets, and the launch of new consumer information products.
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Scotsman.com News – Top Stories – Scottish banks at risk from terror scam
TANYA THOMPSON
HOME AFFAIRS CORRESPONDENT
Key points
• Companies under daily threat of “electronic terrorism”
• Every bank “has account linked to terror”
• Scotland at particular risk because of security levels
Story in full AL-QAEDA is targeting blue-chip companies in Scotland as part of an audacious attempt to defraud the financial sector of millions of pounds, police officers have warned.
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December 22, 2003
Interest in Online Banking Grows
Barring a major security breach, online banking will enjoy steady growth for the foreseeable future as remaining U.S. households without Internet access go online, a new report concludes.
According to Jupiter Research (which is owned by the same parent company as this Web site), the number of online banking households will grow at a compound annual growth rate of 14 percent to 56 million over the next five years.
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In Internet banking, as with traditional banking methods, security is a primary concern. We have taken precautions to ensure your information is transmitted safely and securely. This Level of Security is achieved in part by:
Protecting the privacy and the confidentiality of the
communications between your browser and our servers.
Verifying that only authorized persons are allowed to access online banking.
Maintaining isolation of our computers from the Internet.
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If you’re like most people, you’ve heard a lot about online banking but probably haven’t tried it yourself. You still pay your bills by mail and deposit checks at your bank branch, much the way your parents did. You might shop online for a loan, life insurance or a home mortgage, but when it comes time to commit, you feel more comfortable working with your banker or an agent you know and trust.
Online banking isn’t out to change your money habits. Instead, it uses today’s computer technology to give you the option of bypassing the time-consuming, paper-based aspects of traditional banking in order to manage your finances more quickly and efficiently.
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Online Banking Report: Internet Strategies for Financial Institutions. RESOURCES
A look at current online banking usage and projections through 2012
OVERVIEW
Mainstream users continue to flock to Web banking
If not for the foul economic climate and over inflated expectations of the late �90s, the online channel would be the toast of the industry. By most measures, online banking is a runaway success. Compounded annual growth since OBR�s founding, at year-end 1994, has been 80%. Worldwide, more than 100 million households now bank online, up 20-fold. In the U.S., household adoption passed 25% a few months ago, up 100-fold since 1994. Looking ahead, we project another doubling of usage in the U.S. to 50 million households by decade�s end. Worldwide, the total is expected to triple to 300 million or more households.
Continue reading “Online Banking by the Numbers 2003”
