It's a beautiful thing when a plan comes together. For Sean Gilchrist, director of digital banking at Barclays, the UK bank's aggressive, industry-leading and highly visible investment in securing the online banking channel means that Barclays' fraud numbers will zig while the rest of the industry continues to zag.

Online banking fraud in the United Kingdom ballooned by 185 percent in the first six months of 2008, when compared with the same period in 2007, totaling about $36 million USD in the first half of this year, according to the UK payment association APACS. Like all good security chiefs Gilchrist won't say how dramatic Barclay's reduction in online fraud has been, but when compared to the APACS numbers he demures, "Barclays hasn't experienced that."

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