Banking regulator warns of spyware on public computers
US banks have been told to do more to protect themselves and their customers against spyware in new guidance from the industry watchdog that says customers should be warned against using PCs in hotels, libraries and cafés for online banking.
The guidance from the Federal Deposit Insurance Corporation (FDIC) is a reaction to the growth of spyware, the term for software that is deposited on a computer without the user's knowledge and can then send information in secret from that computer to others.
"The information collected through spyware can be used to compromise a bank's systems or conduct identity theft," said Michael Zamorski, Director of the FDIC's Division of Supervision and Consumer Protection. "So it is critical that banks stay vigilant about the risks involved with this malicious software, and take appropriate action so that they and their customers do not fall victim to it."
In particular, banks should consider spyware threats as part of their general risk assessment process, according to the guidance.
posted by Fergie @ 7/27/2005 09:37:00 AM
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