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It’s no secret that rapid response to a cybercrime such as a banking trojan transfer of funds will help your bank recover the funds. The gap has traditionally been in the ‘knowing what to do about it’. The savior of 21st century banking may well come down to user-modifiable rapid SMS text alerts and email transaction notification.
Banking users are way ahead of the game: they believe that the faster they’re notified of transactions as well as potential fraud, the more satisfied they are with the bank.
Does your bank offer this service? Should it?
By the way, if you need steps about how to handle a lost or stolen credit card, click here.
Securing Our eCity Contributing Writer
Author ESET Research, ESET