Quote:
Originally Posted by AlexanderHanff
Interesting that online payments have cropped up. The new banking code takes a lot of the responsibility off the banks and places it firmly on the shoulders of the public with regards to privacy and security.
Under the new code customers will be liable for identity theft/fraud if they do not have:
Upto date Anti-Virus
Upto date firewall
Upto date OS patches
And a whole bunch of other things. I can't wait for the day when someone tries to put in a fraud claim and the Bank say "Sorry but you use a Phorm enabled ISP therefore you have not taken adequate measures to protect your privacy and as such are liable for any losses as a result of the fraud."
Alexander Hanff
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This has been a concern of mine since this whole Phorm thing came to light, but I've not really known how best to describe it.
As there would be another tier between user and ISP/bank on a phorm enabled ISP the risk of fraud increses increases, in the event of a substantial increase of fraud on a Phorm enabled ISP could the ISP/Phorm be held accountable?