Online Banking Security Armando Trujillo

History 1995 – Presidential Savings Bank Features: Check Account Balance Check Banking Statements Transfer money from one account to another 2000 – 17% of Internet users banked online. Currently – 43% Internet users (63 million Americans) bank online.

FDIC 536 cases of computer intrusion in 2nd quarter of 2007 Average loss of $30,000 Total of $16 million in loss

Security Issues Viruses Phishing Scams Malware

Malware “Pinch” A Malware tool used to create Trojans Newest version of pinch created a Trojan specifically designed to attack Bank of America’s online security Steals Usernames, Passwords, and a special token

Flaws in banking websites http://www.youtube.com/watch?v=idZFgvMRN78

References Arbor, Ann “Security flaws in online banking sites found to be widespread” University of Michigan Krebs, Brian “Malware Targets E-Banking Security Technology” The Washington Post Roane, Kit R. “Banking on the Web” US News & World Report Wikipedia: Phishing