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Edition: U.S. Article Comments (1) Follow Reuters Facebook Twitter RSS YouTube Read Special Report: A little house of secrets on the Great Plains | 11:31am EDT Bachmann facing scrutiny as top-tier candidate | 12:14pm EDT Radioactive water leaks from Japan's damaged plant | 12:50pm EDT Microsoft rolls out Office in the cloud 11:51am EDT Father killed when tree falls on tent in campground 2:56pm EDT Discussed 221 Biden deficit-cut talks hit impasse: Rep. Cantor 139 CBO sees government benefits swamping U.S. economy 113 Fragile economy pushed Obama to tap oil reserves Watched A Tokyo-Paris flight in under three hours on the horizon Fri, Jun 24 2011 Hefner's revenge; Ryan Reynolds stops traffic Fri, Jun 17 2011 China's luxury fast train debuts Mon, Jun 27 2011 U.S. urges banks to tighten online fraud protections Tweet Share this Email Print Related News Roger still raking in more ads than Rafa Mon, Jun 27 2011 Analysis: Banks seek cybershelter with "ethical hackers" Fri, Jun 17 2011 Citi says 360,000 accounts hacked in May cyber attack Thu, Jun 16 2011 US sees Zawahri announcement as genuine-US official Thu, Jun 16 2011 Analysis: Tighter bank security on way after Citi hack Fri, Jun 10 2011 Analysis & Opinion Charles Schwab to consumers: Rate our services How to protect yourself from a data breach Related Topics Technology » Money » The Citibank logo is seen at branch in Washington April 18, 2011. Credit: Reuters/Larry Downing WASHINGTON | Tue Jun 28, 2011 1:08pm EDT WASHINGTON (Reuters) - Bank regulators warned banks to be on guard against increasingly clever computer hacking on Tuesday, indicating heightened alert against security breaches that have plagued government and corporate institutions in recent weeks. The Federal Financial Institutions Council -- an interagency group that includes the Federal Reserve, the Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corp -- issued a reminder to banks to use more than one form of authentication for online consumers. "Fraudsters have continued to develop and deploy more sophisticated, effective and malicious methods to compromise authentication mechanisms and gain unauthorized access to customers' online accounts," the council said. The warning comes after a series of high-profile security breaches including a threat to the Fed by a hacking group. The threat never materialized. Last week hackers disabled the Brazilian statistics agency's website for five hours [ID:nN1E75N0IK]. Citigroup Inc and the U.S. Senate have also been targets of recent cyber attacks. Regulators are concerned protections put in place in response to recommendations six years ago have become less effective. Programs that record a computer user's keystrokes have been increasingly effective in stealing identifying information and passwords, regulators said. "Institutions should no longer rely on one form of customer authentication," they said. Financial institutions are required to review and update their assessments of computer security risks at least every 12 months. (Reporting by Mark Felsenthal; Editing by Padraic Cassidy and Leslie Adler) Technology Money Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (1) bogwart wrote: That really is the pot calling the kettle black. Who has deprived people of huge amounts of money in the past few years, the banks or the hackers? Jun 28, 2011 3:08pm EDT -- Report as abuse See All Comments » Add Your Comment Social Stream (What's this?) © Copyright 2011 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Reader Feedback Mobile Newsletters RSS Podcasts Widgets Your View Analyst Research Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts Venture Capital Journal International Financing Review Project Finance International PEhub.com PE Week FindLaw Super Lawyers Attorney Rating Service Reuters on Facebook Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. 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