Anti Phishing measures
June 7th, 2005 at 12:50pm
Anti-phishing measures are being introduced by banks to prevent phishing attacks.
Recently I was doing a routine transfer of money from one of my accounts to another using ICICI’s Internet banking facility. Normally, the system asks for the transaction password to complete the money transfer. But this time, after entering the transaction password, the system showed me a weird screen. First, I thought ….ah.. some new shit or an error, which is pretty common with ICICI’s online banking (yeah.. press the back button, you are doomed, press the reload button, you are thrown out!……..really painful). But, later I realised that this was a safety measure.
The system showed me a screen which asked me to enter some digits of my ATM card number. (the digits at position 4, 6 and 7 – again, I guess, its pretty much random).
That’s really good. If a phisher had actually got hold of my Internet banking userid and password, he or she wouldn’t be able to transfer the money out so easily!! Cool. One more point is, this is triggered only for transaction above a threshold amount.
Will have to wait and watch for how long this method to prevent phishing or protecting the bank account works. If the phishers manage to steal the ATM card number too, then…………….:)
Need more info on Anti-phishing at : http://www.antiphishing.org/
Tags: antiphishing, banking, icici, identity theft, online banking, phishing, scam
Entry Filed under: Net,Technology
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3 Comments »
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Hello Sir,
Very interesting to note that you are from Mangalore. Much more interesting to note that you were at NITK. Not surprisingly I am at NITK in Suratkal and happened to come across your blog in Blogstreet. Could I know in which department were you here? Looking forward to more interesting views and opinions about Mangalore and frequent visits.
SS
Comment by Steeleyes — June 7, 2005 #
hi SS!
thanks for visiting my blog. I was working for the computer science department as an assitant lecturer from Jan 2002 to June 2002.. After that i joined Infy, Mangalore.
arj
Comment by Arjun — June 7, 2005 #
Thats a normal process which i realised after shifting to firefox. i use IDBI netbanking and everytime i login it closes the current login window and pop-up a new window for further operations. Secondly when ever you use a back button session expires, dont know why…I think almost all banks are using the same software company for netbanking….could this make things unsafe….
Some of the other drawbacks, which i learned after making a big mistake is that there is no system to validate the account number of payee it can be alpha-numeric or whatever they dont check it…
Comment by Harsh — June 7, 2005 #