E-banking safer with CD
Professor Paddy Krishnan of Bond University, and his team at Bond's Software Assurance Centre in Australia, have created a secure platform for computing, in the form of a live CD, says Computerworld.
The software, tentatively called BOSS (bank on secure system), was designed with the home user in mind, and is limited to specific applications that involve sensitive transactions, such as electronic banking.
The end-user inserts the CD into the PC and reboots it. Instead of the usual operating system loading at boot, the BOSS loads first.
NetTeller beefs up security
NetTeller has partnered with the Australia Post to provide Australia Post VIP Online Security as an option within NetTeller's Internet banking software, says ARN.
Iain Andrews, manager of authentication services at Australia Post, said the partnership was a major step forward in combating online fraud and identity theft, and had been received positively by the financial industry.
Australia Post VIP Online Security, enabled by Verisign Identity Protection, allows financial institutions to implement multi-factor one-time password security tokens for authentication when banking online.
IDB chooses Neptune
Industrial Development Bank of Kenya (IDB) has chosen to use Neptune's Equinox Banking Solution and its enterprise resource management software, says AllAfrica.com.
As part of the contract, Neptune will supply the Equinox Core Retail, Treasury, EIS and PeoplePlus modules. The project, which has since commenced, has a lead time of six months.
George Agu, head of business development at Neptune Software Kenya, said this is the third development bank to sign up for Equinox.
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