Banks are delaying home banking projects due to fears of Internet hackers accessing customer accounts.
NatWest and Barclays have delayed the launch of online banking services because of concerns over smart card security and potential weaknesses in security. According to reports, bank bosses are concerned hackers can overcome current security technology and wreak havoc behind firewalls.
But banks are not giving up; according to their own research, online banking could be worth #16 billion a year. Expect to see online overdrafts sometime next year.
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