ICICI Bank’s new Twitter based service is poorly thought through because it really does not require two-factor authentication, as the bank claims. icicibankpay is not at all “Safe & Secure”. It is easily prone to being highjacked on both the sender’s and receiver’s sides. Another issue is that there is nothing customers can do to opt-out or block this service. It therefore puts all ICICI bank customers at risk of fraud. The service works as follows: to sign up, an ICICI bank customer chooses to follow the bank’s account (handle) on Twitter, and the bank’s

http://newspie.in/en/2015/01/icici-twitter-banking-puts-customers-risk-184/