[LINK] Liability for Internet Banking (was Re: Suncorp security (Alan L Tyree)

[Antony Barry]

> From: Stewart Carter <mail at ecommercereport.com.au>
> Date: 19 February 2007 10:21:32 AM
> To: link at anumail0.anu.edu.au
> Subject: Liability for Internet Banking (was Re: Suncorp security  
> (Alan L Tyree)
>
>
> Dear Linkers,
>
> I've been absent from your discussions for a while on other duties.
>
> I'd be grateful if Alan ( or any other Linkers) could give me a  
> clue which
> way ASIC is going to jump in its current review of the EFT code,  
> specifically
> in connection with liability for Internet banking.
>
> I ask because Alan is a distinguished expert on these matters and  
> currently,
> Internet banking (as I understand it - IANAL)  terms and conditions
> typically place the onus of liability on the consumer.
>
> That is, the onus is on us as users to have whatever security and/ 
> or operating system software
> and/or browser software the bank specifies.
>
> And even then, we're still liable for losses resulting from, for  
> example, phishing attacks.
>
> Seems unfair.
>
> Stewart Carter
> Stewart Carter
> eCommerce Report
> www.ecommercereport.com.au
> Ph 0433 142 419 Fax 0433 142 420 mail at ecommercereport.com.au
> Skype: hscarter
>
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