[LINK] PCs bad for banking: expert
lannet at lannet.com.au
Wed Mar 16 02:34:32 EST 2005
On Tue, 2005-03-15 at 19:56, rchirgwin at ozemail.com.au wrote:
> An afterthought ... has anyone else looked with horror at what showed on
> the sexy office phone-with-screen after a phone banking session, if you
> then press last number recall?
> <card number> # <PIN> # <transaction>
> Don't use a phone with memory for banking ...
Did anyone see Bill Caelli on SBS Insight last night?
He was really giving a predominant commodity operating system a shafting
without actually naming which it.
The problem is that I believe that the significance of what he was
saying will be lost on most users.
> rchirgwin at ozemail.com.au wrote:
> >Good on Bill Caelli for persistence. He's been trying to get this one heard for at least a year. For eg:
> >>From: Bernard Robertson-Dunn <brd at iimetro.com.au>
> >>Date: 14/03/2005 12:35:57
> >>To: Link <link at anu.edu.au>
> >>Subject: [LINK] PCs bad for banking: expert
> >>Looks as though the bank's cost shifting has come home to roost. Now, I
> >>suppose, they will slug the customers with the added costs they were
> >>trying to avoid by going electronic in the first place.
> >>PCs bad for banking: expert
> >>Amanda Hodge
> >>MARCH 14, 2005
> >>The Australian
> >>PERSONAL home computers were never designed to act as secure ATMs and
> >>could not be trusted for internet banking or any other online
> >>transaction, a leading internet security researcher has warned.
> >>Yet Australian banks continued to promote internet banking as safe
> >>because they did not want to pay for the only technology that could
> >>guarantee internet transaction security - a home eftpos system.
> >>Associate dean of IT at Queensland University of Technology Bill Caelli
> >>said hacking tools such as trojans and spyware - which lured users to
> >>sites where software was secretly downloaded allowing criminals to log
> >>every keystroke -- ad rendered the PC obsolete for secure financial
> >>By contrast, a pinpad, such as that used in eftpos transactions, was
> >>tamper-proof and encrypted banking details from the moment they were
> >>entered to the time they reached the bank.
> >>"A personal computer at home was never designed for secure transactions
> >>like banking. Even (Microsoft founder) Bill Gates says that, so I don't
> >>know why the banks are claiming it is," Professor Caelli said.
> >>snip ...
> >>I believe that banking institutions are more dangerous to our liberties
> >>than standing armies. Already they have raised up a monied aristocracy
> >>that has set the government at defiance. The issuing power should be
> >>taken from the banks and restored to the people to whom it properly
> >>--- Thomas Jefferson
> >>Bernard Robertson-Dunn
> >>Sydney Australia
> >>brd at iimetro.com.au
> >>Link mailing list
> >>Link at mailman.anu.edu.au
> >This message was sent through MyMail http://www.mymail.com.au
> >Link mailing list
> >Link at mailman.anu.edu.au
> Link mailing list
> Link at mailman.anu.edu.au
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