Online Banking (Experts Finally Admit it is Not Safe)
A few years ago, we used to be asked if online banking was safe and we were always placed in somewhat of a bad light when we would say, “not really”. We would give some of our standard security advice: make sure your anti-virus is up to date, malware protection etc… and even highly reccomended doing your accounting and online business from a separate machine. (One you don’t regularly install applications on or use for email.)
We were always in a fight with the major advertisements by banks claiming online banking is safe (Remember the little security blue chip in unnamed banking company) . They never mentioned that small business with a wire transfer account that happened to get a virus and their money wired to the islands never to be returned as the bank claimed it was their computer that caused the security breach. For a while, we were never asked about online banking, as it was always assumed there was encryption, and that the bank was responsible and would return your money if taken. Well ……
Well finally, the American Bankers Association is now asking consumers to “partner” with banks to keep cyber-thieves in check.
They want consumers to monitor their online accounts for unauthorized transactions on a “continuous, almost daily basis” This is a laughable request, and scares the heck out of us since we already knew that the banks could not keep our accounts safe.
At least now they finally admit it.
I highly urge you to read the official article “Banks require your help to keep online banking safe” By Byron Acohido, USA TODAY (7/30/2010)
Photo By Alejandro Gonzalez, USA TODAY
