Digital stick-up: Online account fraud

With court battles raging between small businesses and banks over which entity should be responsible for the massive losses that result from account fraud, ING Direct has adopted a line of thinking that not all financial institutions might agree with: Accept that the customer is going to stink at security.

While corporate account takeover remains prevalent, resulting in $87.5 million in losses last year, all banks can strive to prevent it says Rudy Wolfs of ING Direct.

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