Bank Of America Rolls Out New Online Security System
Source: InformationWeek - Posted by Peter O'Hara   
Security Bank of America is rolling out its new online security system, SiteKey, this week in Virginia, Maryland and Washington, D.C. It launched last month in Tennessee, and should be available nationwide by the fall. By Paul Nowell, The Associated Press

CHARLOTTE, N.C. (AP) -- Bank of America Corp. is rolling out a new online banking security system aimed at making it harder for cyberthieves to crack customer accounts, an effort that comes as the industry struggles with a recent string of high-profile security breaches.

"We definitely want to lead the industry by making online banking more secure," Bank of America e-commerce executive Sanjay Gupta said. "Right now, more than 50 percent of (banking) transactions take place online."

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