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by Luke “Although the banking officials and security officers contacted for this article refused to be quoted on the record, all of them agreed that online bank fraud is an increasing problem.” “It’s not a problem of authentication but one of transactional authorization,” says Bruce Schneier, leading security expert and CTO of Counterpane Internet Security. “No matter how hard you make the initial authentication for the end-user or hacker, the malware can just wait until the authentication is done and then manipulate the transaction.” (Full Story…)
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May 25, 2006 
