Re: Nordea Sweden shuts Internet banking due to targeted phishing

[Florian Weimer <fw () deneb enyo de>]

* Dan Kaminsky:

> As I've been saying, it is an open question whether we'll be able to do 
> online banking in 18 months.
>
> Tick tock.

Offline banking is so expensive for the banks that there has to be
quite an explosion of fraud until it's economically competitive. 8-/
Some banks even lack physical branch offices.

Phone banking isn't significantly more secure than Internet banking.
You might have to send real letters to your victims to notify them of
a phone number change, which comes at a certain cost, but I don't
think anyone is prepared for that.
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