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Banks Should Beef Up Online Protections, Says Survey

Consumers feel that banks and other financial institutions should strengthen their depositors’ protections against online fraud, according to a survey from RSA Security.

Consumers feel that banks and other financial institutions should strengthen their depositors’ protections against online fraud, according to a survey from RSA Security.

According to the survey:

*73% of account-holders believe that financial institutions should replace username-and-password login with stronger authentication for online banking.

*89% would like their banks to monitor online banking sessions for signs of irregular activity or behavior -- the same way credit card transactions are monitored today.

*59% would like their bank to contact them when something suspicious is detected

RSA polled 402 U.S. adults last November for this survey.

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