Last week, I was at a fraud seminar presented by US Bank. The presenter was a retired FBI agent, as well as an excellent presenter.
A few of the precautions that he stressed were the electronic receipt of bills from vendors, as well as the processing of payments online. To ensure the safety of these transactions he espoused the following additional cautionary measures as well:
- Device security
2. Mutual authentication
3. Security token
4. Dual authorization for transfer
5. Transaction confirmation (check alert)
Granted he also espoused the use of a single machine exclusively for all financial transactions, if possible to further ensure yet further security. This is an unlikely viable option for most people.
But, the thinking is sound and something to consider.