presbyopia creon: Bank lawsuit spotlights security flaws

Friday, August 10, 2012

Bank lawsuit spotlights security flaws | Long Island Business News

by Claude Solnik
Published: August 10, 2012
Tags: appeals court, Astoria Financial Corp, Bank of Smithtown, banking, court case, court decision, Finance, Government, Meltzer Lippe Goldstein & Breitstone, Patco Construction, People's United Bank, security requirements, U.S. Court of Appeals, Valley Bancorp

The case highlights not only how vulnerable security questions and passwords are, but the need for banks to take action when they detect unusual transactions.

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