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Report confirms private banking websites are flouting client privacy

Posted on March 7, 2010 by Dissent

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.

[…]

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.

Category: Commentaries and AnalysesFinancial Sector

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