New Zealand: ASB Bank to Review Net Fraud Liability

["Paul Ferguson" <fergdawg () netzero net>]

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Via Stuff.co.nz.

[snip]

ASB Bank will decide this month whether to back down on its hardline stance
over customer liability for Internet banking fraud.

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.

[snip]

More:
http://www.stuff.co.nz/4405780a28.html

- - ferg

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--
"Fergie", a.k.a. Paul Ferguson
 Engineering Architecture for the Internet
 fergdawg(at)netzero.net
 ferg's tech blog: http://fergdawg.blogspot.com/


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