Saving and Borrowing: Online security breach a `blip'
Sunday 28 November 1999
Unexplained breaches in security enabled people to buy and sell the shares of others.
While this has inevitably caused concern, experts believe that this is an unfortunate blip in a security system which has been thoroughly researched and checked. Banks that provide an internet service guarantee that the high-level "encryption" and "java" codes that they have adopted make banking online perfectly safe.
Each customer choosing this method of banking has a unique membership number and password. Security is of utmost concern to both the bank and the customer, ensuring that the systems employed are continuously monitored. The Halifax is confident that the problems it has just encountered will be quickly sorted out and the service restored without threatening the future of its online financial facilities.
NatWest and Britannic both launched online banking services last week, joining the long list of banks and building societies already offering such options to their customers.
Britannic is promoting its new initiative by offering a free kite to the first 100 customers who visit its website and who leave their details.
NatWest has joined forces with Yahoo!UK&Ireland to launch natwest.yahoo.co.uk, which is offering free internet banking, share dealing and free internet access.
Balances can be checked, money transferred and direct debits arranged, all with the click of a mouse. The hassle that this saves makes it unsurprising that about a million of us already do our banking online. Predictions are that by 2003 that number will have risen to seven million - an increase that is likely to be helped by steps to make businesses trading on the internet more customer-friendly.
BT's planned Internet Enabled Call Centre is receiving a great deal of interest from banks and building societies eager to integrate their online services with human interaction.
- 1 Rarest Beanie Baby bought for just £10 at car boot sale could be sold for £62,500 on eBay
- 2 Katie Hopkins and The Sun editor David Dinsmore reported to police for incitement to racial hatred following migrant boat column
- 3 Giorgio Armani criticises the way some gay men dress saying 'a man has to be a man'
- 4 Rebecca Francis accuses Ricky Gervais of using 'influence' to target female hunters after receiving barrage of death threats
- 5 Australian student Tommy Connolly, 23, adopts his pregnant, homeless 17-year-old cousin to give her a chance at 'a better life'
Rarest Beanie Baby bought for just £10 at car boot sale could be sold for £62,500 on eBay
Katie Hopkins and The Sun editor David Dinsmore reported to police for incitement to racial hatred following migrant boat column
'Jihadi John': Isis executioner Mohammed Emwazi wanted to wage jihad in Somalia until his friends were betrayed and killed by al-Shabaab
Parma, Missouri: 80 per cent of town's police quit after first black mayor is elected
Australian student Tommy Connolly, 23, adopts his pregnant, homeless 17-year-old cousin to give her a chance at 'a better life'
If I’m being racially abused I don’t need a stranger with a saviour complex to rescue me
The only black face in the Ukip manifesto is on the page about overseas aid
Ukip is the only main political party to not address LGBT rights in its manifesto
Food banks: One million Britons will soon be using them, according to Trussell Trust
Religion isn't growing, it is becoming vigorous in its demise, says philosopher AC Grayling
BBC election debate: The one photo that summed up the whole 90-minute leaders debate
iJobs Money & Business
£60000 - £70000 per annum + benefits : Ashdown Group: A highly successful, glo...
£30 - 35k (DOE): Guru Careers: We are seeking a Pricing Analyst with experienc...
£24000 - £26000 per annum + benefits : Ashdown Group: A highly successful, glo...
£21000 - £24000 per annum: Ashdown Group: The Ashdown Group has been engaged b...