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Phishing is a real threat to financial firms

PublisherIBM
Format PDFDate added01 Dec 2004
Topics Anti-Hacking, Online Trading, Legal, Bank Management, Customer Support Services, Spam - E-mail Fraud - Phishing, Strategic Planning, Online Insurance Services, Finance, Spyware, Planning and Services, Cost Control - Risk Mgmt., Online Banking, E-mail Marketing
Downloads143

For the financial services industry, the Internet has proven to be a low-cost, efficient way to solicit and service customers. But the harsh reality is that this high-opportunity channel also poses serious risks. Phishing is an ever-growing form of Internet-based fraud. The costs of phishing to financial institutions — in terms of actual dollars and damage to brands — are too significant to ignore.

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