Report confirms private banking websites are flouting client privacy
March 7, 2010 by admin
Filed under Commentaries and Analyses, Financial Sector
Tara Loader Wilkinson reports:
According to a report published by Swiss research group MyPrivateBanking last week, 61% of banks do not offer secure web messaging. And nearly 60% do not give privacy warnings to users of their website about sending unprotected e-mails to recipients at the bank.
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More than half of banks offered a web-based contact form for users of their public website, but more than 60% did not use the secure HTTPS protocol, according to the survey.
Nearly 60% of websites offered one or multiple email addresses to send messages to recipients at the bank, but only 41% made a statement to users about the risk involved in sending simple e-mails.
Nearly 60% did not give any warning to website users – not even in the privacy policy on their website.
Read more on Financial News.