Banks generally don't disclose information related to the losses caused by unauthorized access to accounts. Nonetheless, Doug Johnson, vice president of risk management policy of American Bankers Association, highlighted that online banking was still safer than the traditional way. One of the proofs to this could be that bank customers are usually protected against losses from hacker thefts.
Still developing Internet is creating â€œextra comfortâ€ for hackers. F-Secure majoring in Internet security stated it had found 59,177 unique banking Trojans, one of the latest methods of Internet bank theft, on the web at the end of 2008. Trojan programs are usually received through a viral link on a greeting card or in e-mail spam.
Then they hide on the hard drive of the usersâ€™ computer to acquire user names and passwords or copy the log-on page when he logs onto a banking Web site. These malicious programs have been noted to be developing faster than anti-virus solutions by one Internet security expert.