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Banks are warned to increase online security

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WHAT: The interagency Federal Financial Institutions Council urged banks to demand more than one type of identification from online customers, due to recent high-profile computer attacks against corporations and government agencies.

WHO: Hackers disabled the Brazilian statistics agency’s website for five hours last week. Citigroup and the U.S. Senate were also  targets of recent cyber attacks. A yet-unfulfilled threat was made against the Federal Reserve.

HOW: Software that records a computer user’s keystrokes have become much better at stealing identity information and passwords. Regulators worry that the six-year-old protections now being used have become less effective.

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