1. Online Banking Security
Armando Trujillo

2. History 1995 – Presidential Savings Bank Features:
Check Account Balance
Check Banking Statements
Transfer money from one account to another
2000 – 17% of Internet users banked online.
Currently – 43% Internet users (63 million Americans) bank online.

3. FDIC 536 cases of computer intrusion in 2nd quarter of 2007
Average loss of $30,000
Total of $16 million in loss

4. Security Issues
Viruses
Phishing Scams
Malware

5. Malware “Pinch” A Malware tool used to create Trojans
Newest version of pinch created a Trojan specifically designed to attack Bank of America’s online security
Steals Usernames, Passwords, and a special token

6. Flaws in banking websites

7. References
Arbor, Ann “Security flaws in online banking sites found to be widespread”
University of Michigan
Krebs, Brian “Malware Targets E-Banking Security Technology”
The Washington Post
Roane, Kit R. “Banking on the Web”
US News & World Report
Wikipedia: Phishing