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Though the Hairstyles May Change, Online Banking Fraud Remains the Same

What were the biggest concerns surrounding online banking back in 1999? We turn to the YouTube wayback machine to find out.

Back in 1999 computer security experts were saying Americans are trying to do too much with their computers, trusting that most online interactions were safe and secure.

Trojan horses, keylogging, malicious account takeover. The scourge of online banking security. In 1999.

From the looks of this old Dateline NBC report it would appear that, while the hairstyles and technology have changed since the last millennium, the tactics for online banking fraudsters have largely stayed the same.

Even as far back as '99 they acknowledged the attackers would go after bank accounts not through the bank itself, but through the consumer's PC. Hackers were installing trojan software to log keystrokes and ultimately monitor everything happening on an individual's computer. Banks were saying how important it was to understand the risks of online banking.

So what has changed?

We see hordes of press releases and get consistent pitches from experts and vendors warning against the types of attacks threatening online banking today.

Where often is the concern?

Trojans, keylogging and malicious account takeovers.

The more things change, the more they stay the same.

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