banking
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Banks Keep Using SMS Two Factor Authentication But It Sucks
1A number of banks in Europe, including the Metro Bank in the UK, have fallen victim to an attack dubbed SS7. SS7 is a protocol for routing text messages and phone calls. But it doesn’t rely on authentication and can be abused so that text messages and phone calls can be rerouted. A cybercriminal with…
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Xinja Is Building A Digital Bank Designed To Save You Money
It’s been a long time since we’ve seen some genuine innovation in the banking industry. Australia’s Big Four banks have had a stranglehold on our wallets for decades, with a lack of competition keeping fees high and consumer choice low. Even as the internet, smartphones and apps transformed other service industries – taxis, hotels, even…
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5 Things You Can Do When Internet Banking Is Down
With the Commonwealth Bank’s online systems off the air, lots of people have been hit with the inconvenience of not having 365/24/7 access to their funds. As someone who remembers the days when banks were only open from 9:30AM to 4:00PM and never on weekends, I see this a minor hassle although i get why…
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Commonwealth Bank Is Axing ATM Fees
Commonwealth Bank has removed fees for all bank customers that use its automated teller machines (ATMs). This means that members of ANZ, NAB, Westpac-St.George and other banks will no longer be slugged with a $2 cash-withdrawal fee for using CommBank ATMs. Hurrah!