According to an article by Kosta Peric recently posted on The Forbes, online security is becoming a key issue in the digital age of banking. A multitude of different banks offers online services, however some customers are still uncertain of the security aspect and hence prefer to do banking manually (by paying the bank a visit).

As most companies are slowly moving away from the manual handling of money and towards a fully digital process of banking, this poses a problem. Customers often make the decision of what bank to choose based on the online reputation of the bank. Therefore if the banks cannot provide services that are 100% secure, their customer base will shrink.

Do you believe that the issue of online security is exaggerated? This is not a new phenomenon, yet people still fear the concept of virtual money. How so?