Citibank discloses private information to improve security
Ed Gerck
edgerck at nma.com
Thu Jun 2 20:02:50 EDT 2005
Ian G wrote:
> This will change,. I predict that the banks will end up
> with the liability for phishing, for good or for bad, and
> they will then find it in their hearts to finance the add-ons,
> which will battle it out, thus leading to the 'best practices'
> which will be incorporated into the browsers.
I think that the odds are better, historically, for the following
bet:
Banks will shift to the users the cost and liability for phishing,
for good or for bad, and they will not finance any add-ons
otherwise they would have the liability for those add-ons failing.
The solution for phishing will have to come from developers and
will be adopted by banks as long as (in this order): (1) the bank's
liability is zero, and (2) it works.
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