Identity theft is a massively growing threat that seems to affect more people every day. One of the prime resources scam artists use once they acquire an identity is that person’s bank account. So what are the bank’s doing to stop this?

ZURICH (Reuters)—Banks are pouring money into building formidable defenses against computer hackers but are only just waking up to what may be a bigger threat—the physical theft of client information by criminals in the office.

“You can have a fortress-like security system, but if you are not terribly discriminating with consultants and temporary employees, that is a terrible vulnerability,” said Carmen Oveissi Field, a New York-based consultant on computer crime.

“If people can get physical access (to a bank’s systems), the game is over,” said Oveissi Field, managing director of Daylight Forensic & Advisory, a security consultancy.

Banks, especially in Europe and the United States, are investing vast sums to make computer systems impregnable and have been warning customers of the dangers of being duped into giving away confidential information about their accounts.[more]

Tags: Computer Protection, Scams