Why a major Australian bank is ditching passwords for a million customers

More than a million Australians will soon access internet banking without a password.

ANZ is doing away with passwords on ANZ Plus — a digital-only banking service — in a bid to help protect customers from cyber attacks.

Cyber security expert from Cowell Clarke, Phil Parisis, says passwords are “the weakest link” being exploited by cyber criminals.

Press PLAY below to hear the most common ways cyber criminals are stealing from Aussies