Internal policies the weak link in the online banking security chain

John Lauderdale, senior manager of global risk management at PricewaterhouseCoopers, talks on security issues.

Banks have always been about security - people putting their money in a trusted environment where it will be protected. These days security has expanded beyond the physical devices of time delay, locks and bulletproof glass to keep pace with banks' place at the forefront of technology. But according to John Lauderdale of PricewaterhouseCoopers, technology alone, no matter how complex the encryption of transactions, is not enough to guarantee the security of people's money and banks' reputations.

Q. What are some of  the major issues that banks are dealing with in regard to security

A. Well, there are worries over compromising of security, but the real concern is the legality of it....

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