Beware of entering passwords at local Internet Cafes!

Here's a report I saw on ISAW:

ISAW reported about the proliferation of keyloggers in almost all Internet cafes in Manila. I have experienced it first hand yesterday. By pressing CTRL + ALT and A, a password dialogue box will appear for administration, to my surprise the password of the Perfect Keylogger of that internet cafe is "password1". I tried their other available computers and all have the same passwords.

It seems that for Internet Banking, Online Stock Trading, or any Online Financial Service to take off in the Philippines, financial institutions will need to  use something like Brian Cartmell's mypw.com. Brian Cartmell is the former CEO of DotCC; he sold his shares to Verisign around five years ago. As of Domainfest Los Angeles in January 2007, Brian said they were still in Beta. (if memory serves me right).