Online banking firms now have a new worry — liability for customer losses due to phishing scams. For the last year or so, online financial institutions and their IT consultants — as well as consumer interest groups — have focused on fixing security , adding authentication and encryption and other technologies to forestall scammers. But the phishing plague continues. Now, experts tell The E-Commerce Times, banks may soon be on the hook for financial losses by customers if they cannot secure their online stores.Full Story
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