How Safe and Secure Online Banking is? - Page 2

unique · #16 (**permalink**) 02-06-2007, 03:01 AM

Each system has its own vulnerabilities. It only takes time before some hackers can find where they can attack the system but they always work 24 hours a day to get what they want. If you know the rules of investing online, you should know not to put too much money on your online accounts.

Mark A · #17 (**permalink**) 03-22-2007, 05:05 PM

Generally in the industry we don't see hackers breaking into bank systems, it's usually fake e-mails to people saying things like "we lost all our information can you inform us your name, ssn, account numbers, DL# etc."

In reality it is easier for someone to take a picture of your debit card and use it elsewhere than it is to hack a bank system. If you bank online from home you are safe as long as you realize one simple fact. "If a bank is able to send you an e-mail, then they don't need any of your information."

With the way processing is going, in 10 years if you aren't banking online then you won't be able to have a realistic idea of your accounts, especially when instantaneous check clearing comes online. You'll want to see everything up to the second.

4silverstrea · #18 (**permalink**) 05-19-2007, 01:39 AM

I opened up an ING Direct account, and they told me that the hackers have the hardest time breaking into their securitiy code..and have NOT been successful. Reason? They make it their priority to invest in leading edge security..and some of those leading edge security programs are coming out of Canada!

4silverstrea · #19 (**permalink**) 06-10-2007, 06:41 PM

Quote:

Originally Posted by Mark A

Generally in the industry we don't see hackers breaking into bank systems, it's usually fake e-mails to people saying things like "we lost all our information can you inform us your name, ssn, account numbers, DL# etc."

In reality it is easier for someone to take a picture of your debit card and use it elsewhere than it is to hack a bank system. If you bank online from home you are safe as long as you realize one simple fact. "If a bank is able to send you an e-mail, then they don't need any of your information."

With the way processing is going, in 10 years if you aren't banking online then you won't be able to have a realistic idea of your accounts, especially when instantaneous check clearing comes online. You'll want to see everything up to the second.

First, I totally disagree with the first part. There ARE hackers who try to hack into the bank’s systems. ING Direct told me so.

Also,I agree with you about the ATM scanning problem but they are changing that as well by bringing out a chip technology that will stop that.
Thankfully!

Easy To Get Credit Cards · #20 (**permalink**) 11-05-2007, 09:41 AM

Kelkat- Schatzi-

Exactly...We are so busy watching the news daily soaking up the medias terror tactics scaring the public to think they are not safe from their neighbor so they buy a handgun. Even though crime rates have consistently been going down...gun sales and paranoia is way up. America has 11,000 + gun murders a year while every other country has 200 or less.
Japan has only 29. Canada 120.

What is it with the promotional news we have on death, shootings, for what to instill fear in the people?

In regards to a online bank account,
be careful... the internet always has extra doors to open, even when one is "locked".

wildww · #21 (**permalink**) 12-10-2007, 09:12 PM

I use HSBC here in Hong Kong and the steps they use to ensure security is almost a little too much. They provide an "token" which changes the password every minute. The downside is if you type it wrong 3 times they lock you out and to activate again is a real pain. Online banking is great when you see how long lines are.

TheAdjustment · #22 (**permalink**) 02-08-2008, 04:37 AM

To the OP, I wouldn't be too worried, just be careful what computers you use to log onto your account and keep your anti-virus on. Not only that don't sign in on public computers and try to avoid dealing with companies you know little about. Try online banking out, I'm sure once you start it you'll reason that it's the only choice. Sort of like going from dial up to broadband, you never go back.

sahilmiddha · #23 (**permalink**) 05-26-2008, 05:36 AM

in my point of view online banking is safe because there are great numbers of user who use online banking.

spencer24 · #24 (**permalink**) 05-26-2008, 02:39 PM

The most important part of securing your online banking is ensuring that the computer you are loggin in from is virus and spyware free. Avoid using public computers for your online banking and secure your personal computer, these are 2 important things to do.

michaeloconnell84 · #25 (**permalink**) 05-29-2010, 10:10 AM

with my bank when someone types in my acc number and the wrong password it tells me when i log in!

michaeloconnell84 · #26 (**permalink**) 05-29-2010, 10:13 AM

and they ring me for dodgy transactions

paydayloans · #27 (**permalink**) 10-13-2010, 01:20 AM

Hi,

Online banking is much better option than going to ATM check your account. There are few point that we have to kept in mind before using it like try to never access your internet banking in cafe'e(public computer), regular check your account transaction , PIN code and many more

Thanks

OnlinePaydayLoan · #28 (**permalink**) 01-18-2011, 09:05 AM

I think Online banking is completely safe if you are careful ,you need to be really careful before taking any step.You must firstly enquire about the firm then only make use of online banking.

FinanceOcean · #29 (**permalink**) 03-05-2011, 09:31 AM

This is a real generational thing. My mother says she will never do online banking because it's unsafe. I will never use a bank that does not have online banking. Here's why:

Your information, whether you have online banking or not is still available to hackers. Someone could commit fraud and get access to your account online, while you're not online. Until you get your next monthly paper statement, you wouldn't know that any fraud has occurred.

A couple years ago, someone started creating fraudulent checks with my account and routing numbers. This was not an online fraud, but paper-based. Because I had online checking, I caught the fraud two days after a fraudulent check hit my account, and the bank was able to stop it and credit my money back.

You may as well take advantage of the convenience (and safety) of using online banking, because the risks of online banking are there even if you don't use it.

NolaP · #30 (**permalink**) 03-07-2011, 11:30 AM

Online banking makes life so much easier, I think the benefits outweigh the risks. I had someone use my account info or debit card info to make a $300 charge in Mexico last year, but I called my bank and faxed them a statement saying I did not make this charge and the money was back in my account within a week. Your bank is working to make sure your privacy is not invaded. And if your account is somehow compromised, most will work with you and make it right again. Good luck!

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