Is Bank of America Lying About Website Security?

Is Bank of America Lying About Website Security?

According to a demonstration by Chris Soghoian over at CNet, Bank of America’s “SiteKey” picture authentication feature can be spoofed by phishers and is, basically, worthless.

Bank of America's "Perfect" Security System Actually Vulnerable To Phishing

Bank of America's "Perfect" Security System Actually Vulnerable To Phishing

Bank of America has an online security measure called SiteKey and says, “[W]hen you see your SiteKey, you can be certain you’re at the valid Online Banking website at Bank of America, and not a fraudulent look-alike site.”