Online Banking: How Safe Is Your Money?

Iria · Jan 20, 2006, 09:53 PM

Online banking is suffering through a withdrawal phase. A study last fall by I.T. security firm Entrust found that 18 percent of Americans who bank online plan to do so less often because of security concerns. A third of the respondents said they were worried about their bank's Web site being spoofed by a fraudulent facsimile that would trick them into divulging their logon information.

"Consumer confidence in online banking security has been damaged," said Chris Voice, vice president of technology at Entrust. "This is bad news for banks. If consumers start defecting from online banking to call centers or branches, this will put banks' costs up."
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Read More / Source: NewsFactor

The_Neon_Cowboy · Jan 20, 2006, 10:05 PM

people are stupid as a whole nuff said....

LeanWolf · Jan 20, 2006, 10:11 PM

agreed

mkk · Jan 20, 2006, 10:49 PM

An online banking system that relies on static logon information is stupid.

Asmoday · Jan 20, 2006, 10:52 PM

Quote:

Originally Posted by mkk

An online banking system that relies on static logon information is stupid.

Indeed.

LeanWolf · Jan 21, 2006, 12:30 AM

agreed

Lelisevis · Jan 21, 2006, 12:47 AM

Any loss you suffer as a result of online banking is fully covered by your bank.

Jan 20, 2006, 09:53 PM	#1
Iria DriverHeaven Extreme Member Join Date: Apr 2004 Posts: 7,275 Rep Power: 89	Online Banking: How Safe Is Your Money? Online banking is suffering through a withdrawal phase. A study last fall by I.T. security firm Entrust found that 18 percent of Americans who bank online plan to do so less often because of security concerns. A third of the respondents said they were worried about their bank's Web site being spoofed by a fraudulent facsimile that would trick them into divulging their logon information. "Consumer confidence in online banking security has been damaged," said Chris Voice, vice president of technology at Entrust. "This is bad news for banks. If consumers start defecting from online banking to call centers or branches, this will put banks' costs up." __________ Read More / Source: NewsFactor

Jan 20, 2006, 10:05 PM	#2
The_Neon_Cowboy HardwareHeaven Extreme Member Join Date: Dec 2002 Location: U.S.A. Posts: 16,009 Rep Power: 92 System Specs	people are stupid as a whole nuff said.... __________________

Jan 20, 2006, 10:11 PM	#3
LeanWolf alpha male Join Date: Dec 2002 Location: Skyrim Posts: 5,713 Rep Power: 84 System Specs	agreed __________________

Jan 21, 2006, 12:30 AM	#6
LeanWolf alpha male Join Date: Dec 2002 Location: Skyrim Posts: 5,713 Rep Power: 84 System Specs	agreed __________________

Jan 20, 2006, 10:49 PM	#4
mkk Cthulhu/Dagon 2012 Join Date: Oct 2003 Location: Gefle, Sweden Posts: 4,492 Rep Power: 132 System Specs	An online banking system that relies on static logon information is stupid.

Jan 21, 2006, 12:47 AM	#7
Lelisevis Howlin at the moon Join Date: Sep 2003 Posts: 1,663 Rep Power: 0	Any loss you suffer as a result of online banking is fully covered by your bank.