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Security Risks In Online Banking: Authentication Issues Identified

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Online bank customers may want to pay a little more attention to their browsers the next time they log in. Johannes Ullrich, chief research officer of the prestigious SANS institute said that many of the most popular banking sites may be needlessly placing their customers at risk. At issue are the user login areas that can be found on banking sites such as Chase.com and Americanexpress.com, which ask users to submit their user ID and password information. Although these forms may be encrypted, they do not use authentication technology to prove they are genuine, according to Ullrich.

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