Online Banking Security

[cacosapo]

Anyway I was just saw some TV program about this kind of thing... and they had a security expert in from symantec, that said "He would never use online banking, and that you could ask anyone who knows anything about computer security and they would all say the same" so I thought I would put that to the test.

Now i know why Symantec is deploying a lot of crap lately.... This guy is smart as a door...he is the kind that doesnt make online transactions, but give his credit card to the waiter in the restaurant to pay the bill....
There is not such thing as a "total secure financial transaction". Every kind of transaction poses a risk, including doing that with cash.... If you take precautions, you can mitigate the risks of each kind.

[c0br4]

The idea of using a liveCD is great..... anyone got any suggestions on which one to use... something that I can give away free with PC repairs that we do.... so it needs to be dead easy to use, with a windows like GUI (did I just say that)... and good support for older PC's...... in other words idiots/customers need to be able to use it easily.

[dmorgan]

I don't have a CC, and probably never will. Sure they are great, but I am a little too paranoid to use or even own one. I will not use online banking because there are enough 0-day browser exploit (read 0-day spyware) that I will not bank online. Sure, adware/spybot/spyware blaster/hijack this are all great programs, but there will always be that chance that you picked up some spyware that isn't protected against/detected. No matter how many patches you have, there is still that chance...

No, I don't send my resume with SSN over the internet (e-mail) without encryption (and even then, I need to know that it is computationaly secure), yes I do check my credit report (face-to-face, check credentals)

Maybe I am overboard, but I won't use the internet for my finances.

[br_fusion]

I'm sure the guy from symantec is going to want to seem paranoid to the public, making it look necessary to buy the latest and best anti-virus/security software! Even if this has nothing to do with online transactions through SSL.

I just signed up for online banking with national city. I was more worried about my information being stored at yet another location more than the threat of a compromise or money getting stolen.

[ammo]

No, I don't send my resume with SSN over the internet

There's NO reason for your SSN to be on you resume at all in the first place!.

The ironi is, not using a credit card or online banking still won't protect you from identity theives, who will the gladly get cards, loans, etc in your name....

The way I see it, I'd rather at least enjoy the commodity of these.


Ammo

[Riot]

How do you _know_ the transaction was carried out in the fashion you expected it to be? Because you got a peice of paper? Does paper give you a warm, fuzzy feeling? There are lot's of people that have been defrauded by tellers that are less than honest.... But they still got their little piece of paper....

You still can't trust it...

I agree but what I meant was that people like to see tangible evidence that their trans action took place. I would trust a computer over a person any day and to think about it i buy items from web sites ofter and have never had a credit card number stolen and tha same goes with my father and the only time he ever had a credit card number stolen was when he was in the hosptial from one of the nurses.

[Tiger Shark]

hosptial from one of the nurses

OUCH!!!! That had to hurt.....

Many years ago a had a good friend that, nice and fun as he was, turned out to have a little mental problem. He started in a bank and after 18 months had a nervous breakdown. Quite soon after it was dicovered that he had been "re-directing" other peoples fund's into his own accounts via a somewhat devious means.... He had ripped off the bank's customers for almost GBP 30,000.... At a time when he and I were being payed about GBP 20/week....

I lost contact with him after he went for treatment but I heard that the bank had been all very nice about it and when he had completed his treatment they re-hired him..... Though I'm sure they had a manager watching his every move.....

[XTC46]

In the last 5 years I have seen bank tellers allow money to be withdrawn from a Savngs account in my fathers name on 3 differnt ocassions buy a guy with the same first and last name, but different middle initial/ssn/address/signature/ and who opened his account at a different branch.

I have had them "lose" some of my money (different bank)
I have had them deduct the money twice from my account for the same thing (took 4 days to clear up)

I have had them add several hundred dollars to my account (which lead me into panic thinking one of my bills didnt get paid, lol) then take it out about a week later (which again freaked me out for about a second till I remebered it was theres anyway)

and a few other "minor" things. Yet with online banking I have had not a single problem. infact becasue of the hours I work it makes my life a hell of a lot easier.

[zencoder]

Originally posted here by Tiger Shark
How do you _know_ the transaction was carried out in the fashion you expected it to be? Because you got a peice of paper? Does paper give you a warm, fuzzy feeling? There are lot's of people that have been defrauded by tellers that are less than honest.... But they still got their little piece of paper....

You still can't trust it...

Funny you mention that. I had a former co-worker whose wife was a teller at a bank. When they got busted, she had helped cash close to USD$5,000 in phony checks, and he had ripped off our employer for insurance costs to repair his personal vehicle (had to use it for work, got into a wreck, the employer paid for the damages, then he filed a personal auto-insurance claim as well...referred to as 'double dipping'.)

They both got into a world of ****.

The worst part; we both worked for a law enforcement agency at the time. Talk about destroying any notions of warm-fuzzy feelings.

[Riot]

yea You cant really trust people it sucks to say but their are so many stores of people getting busted for riping people off or of people getting riped off, Like my sister and her boyfriend wear in a really bad accident about 5-6 weeks ago bolth had to be taked to the regional traumma center my sis had to have her skull put back to geather and her boyfriend all most died but their supposed friend who was in the back seat who didn't get hurt stole about $500 from them when they wear lying in the car waiting for the ambulance so you neavor really can trust most people.