Identity thefts due to on-line phishing continues to be a massive problem. Despite both low tech and high tech security strategies introduced by online payment vendors, credit card companies and banks, there still remain 'holes' that attackers can penetrate. These are often referred to as "Man-In-The Middle (MITM) and "Man-In-The Browser" attacks.
Consumers can't really protect against many of these types of incidences-hackers have a variety of ways to perpetrate your PC and lift your info--the most common of course is sending you an email that appears to be from your bank, from PayPal or from Amazon. Even the most experienced computer industry execs have been tricked into clicking on those links and supplying 'correct billing info".
We've just heard about KeyID, a new company that has come up with a very interesting solution that banks and credit card companies can integrate into their systems and otherwise add a completely new level of protection for their customers... We'll keep you updated as we hear more about KeyID !
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