Online-banking News - Congoo

Mobile Banking - Bank of America

Citizens Canada Bank News

Payments News - from Glenbrook Partners

Visible Banking

Friday, July 4, 2008

Barclays launches online banking security drive

Barclays' two million UK online banking customers are to be offered free security software, the firm has announced.

Anti-adware, spyware and viruses shields are to be given to the users for free, following concerns about online accounts being subject to fraud.

It is thought that the cost of the bank's move could run to £200 million over two years.

However, the importance of security to the online banking sector is thought to be enough to justify this expense: a survey from Abbey last month found that the time users spent on banks' websites exceeds that of MySpace and Facebook combined.

Commenting, Sean Gilchrist at Barclays said: "For the last two years we have offered customers free antivirus software but, as internet fraudsters become more sophisticated, it is important that customers protect their computers from all threats and not just viruses."

The anti-fraud devices are to be provided by tech firm Kaspersky.