Governments should heavily regulate and secure online banking or banks must get off the internet, says Bill Caelli, a long time critic of internet banking. The professor from QUT, speaking from a conference in Paris, further called for coordinated global action to provide secure web services. Caelli added that if transport and pharmaceuticals are highly regulated, then it should be the same with web services such as internet banking, which is a highly unsecure environment.
Long-time critic of internet banking Bill Caelli said yesterday that the channel is now so integral to the economy, business and commerce that governments must step in to heavily regulate and secure it or banks must get off the net.
According to East & Partners, ninety per cent of business banking customers go online to interact with their primary business bank, 62 per cent use a relationship manager, 59 per cent have a product specialist, 19.5 per cent use ATMs, 9.7 per cent use the branches and 4.8 per cent use a call centre.
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