1. Online Banking Security Armando Trujillo

2. History • 1995 – Presidential Savings Bank • Features: • Check Account Balance • Check Banking Statements • Transfer money from one account to another • 2000 – 17% of Internet users banked online. • Currently – 43% Internet users (63 million Americans) bank online.

3. FDIC • 536 cases of computer intrusion in 2nd quarter of 2007 • Average loss of $30,000 • Total of $16 million in loss

4. Security Issues • Viruses • Phishing Scams • Malware

5. Malware • “Pinch” • A Malware tool used to create Trojans • Newest version of pinch created a Trojan specifically designed to attack Bank of America’s online security • Steals Usernames, Passwords, and a special token

6. Flaws in banking websites http://www.youtube.com/watch?v=idZFgvMRN78

7. References • Arbor, Ann “Security flaws in online banking sites found to be widespread” University of Michigan • Krebs, Brian “Malware Targets E-Banking Security Technology” The Washington Post • Roane, Kit R. “Banking on the Web” US News & World Report • Wikipedia: Phishing