McAfee Report Reveals Confidence in Online Banking Is Still Fragile

New findings by? McAfee, well-known antivirus vendor,? have shown that? only 33% of UK bank? consumers are? completely confident that their details are safe while accessing their accounts online. Nine out of ten UK bank account users use online baking applications or web interfaces to access their accounts.? McAfee also reports that the majority of users use basic computer protection software which in some cases may not ensure full protection while surfing the web. Only? 39% of people are using Internet protection suites.

I think it’s not surprising because a regular computer user can hardly tell the difference between antivirus and Internet security suite. With all the comparisons in mind it’s still rather confusing.? Raj Samani, ? McAfee EMEA’s chief technology officer, says that users lose their money? not due to the bank’s technology being compromised. “It’s more likely that people are unwittingly giving out their personal banking information to criminals via phishing scams and copycat sites, or their computers being infected with malware”, he explained.

Cyber criminals use very sophisticated malware toolkits such as SpyEye or Zeus trojans to? steal money from people’s online bank accounts.? Web injects, browser plug-ins and form? grabbers? are very popular nowadays and simply visiting an infected websites is? enough to get infected by password stealing trojans. Recently, malware analysts have found a piece of password stealing malware designed to infect Android smart phones.

There’s another problem that still remains very relevant — weak passwords.? 16% of those surveyed said that their online banking details were written on a piece of paper. It might be a good idea but only if you are the only person who can access those papers. Otherwise, it’s too risky.? Just under a quarter have an easy to remember name such as their pet name as their online banking password, whilst 15% use an easy to remember date. When it comes to passwords -? the longer, the better. Do? not be afraid to go beyond the standard eight characters.

And? finally, we? probably said this a thousand times — banks do not send emails? that request personal information, such as your user name, password, or address. It may look legitimate but instead of actually replying to it, call your bank first and ask? for clarification. After all, this may save you some bucks! And how about you? Are you? completely confident that your bank accounts details are safe?

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