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Online shopping - Source: ONE News -
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A vast majority of online banking customers use their login credentials to access other websites, sharply increasing risk of attack to their bank account, says Internet security firm Trusteer.
Some 73% of Internet bank clients share online banking password with non-financial sites, and 47% re-use both, their online banking user name and password, British firm Trusteer says, citing a sample of more than 4 million users.
"Our findings were very surprising, and reveal that consumers are not aware, or are choosing to ignore, the security implications of reusing their banking credentials on multiple websites," says Trusteer's Chief Technology Officer Amit Klein.
Michael Paisley, the head of information security at Santander in Britain, says banks protection shield has expanded beyond banks walls as online banking has increased.
"From the bank's point of view it has become very important we help our customers to protect their identity online," he says.
Trusteer's Rapport browser security service - which recognizes when users attempt to submit online bank credentials them to other websites - is used by major North American and European banks.
