SECURITY: THE MUTATING MENACE

It was wholly prophetic, but it didn’t help the bank, its customer or the mobile platform provider. On 29 November 2006, Standard Bank’s director for IT security, Pat Pather, spoke to ITWeb Informatica about the risks of a proliferation of new banking channels. “We cannot refuse anyone access via, say, an Internet café. The best we can do is to caution that it must be a last resort only. We propose using only the proper channels (such as ATMs, cellphone banking and own-PC Net banking), and following correct procedures when doing so.”