New Zealand: ASB Bank to Review Net Fraud Liability
ASB Bank will decide this month whether to back down on its hardline stance over customer liability for Internet banking fraud.More here.
Since July, ASB's 550,000 Internet banking customers have been liable for losses from phishing attacks and other fraud if they use computers without up- to-date anti-virus and firewall software and operating systems.
Spokeswoman Debby Bell says the bank has in the past always reimbursed fraud victims who weren't running up- to-date software, but it won't guarantee it will do this.
ASB will release updated terms and conditions for Internet banking towards the end of this month, she says.
posted by Fergie @ 2/17/2008 01:35:00 PM
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