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Most Bank Websites Are Insecure

Posted by CmdrTaco on from the not-just-banks dept.

Anonymous writes "More than three-quarters of bank Web sites have design flaws that could expose bank customers to financial loss or identity theft, according to a University of Michigan study that will be presented this week at the Symposium on Usable Security and Privacy. The study, 'Analyzing Web Sites For User-Visible Security Design Flaws,' examined 214 bank Web sites in 2006. It was conducted by University of Michigan computer science professor Atul Prakash and doctoral students Laura Falk and Kevin Borders."

2 of 269 comments (clear)

  1. Surprise - really... by Anonymous Coward · · Score: 5, Informative

    It is actually a surprise, earlier the banks would just cover the damages caused. But with the current global economy it is actually a bit surprising that the banks are letting this happen.
    But then again they might not - the study is from 06 and those were diffent times for banks.

  2. Re:Fortunately, in the US... by mea37 · · Score: 5, Informative

    1) I believe that would be the lesser of their account balance or $100,000
    2) It looks like GP said the institution is protected, not the customer