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Author Topic: Online Banking. How safe is it ?.  (Read 1278 times)
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Baz
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« on: Monday 13 July 2009, 1933 »

I have just been reading this news report about computer security and new ways for hackers to access your security data. What do you think of it ?. Should I stop online transactions etc ?.... how safe do you think online banking is with these security concerns ?. Thanks in advance for your comments.
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TreFFS
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They're mucking me about again.


« Reply #1 on: Monday 13 July 2009, 2002 »

Baz

If you email me your bank account details and passwords I'll test how safe your online account is. OK?
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Shell
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« Reply #2 on: Monday 13 July 2009, 2025 »

Does this include online shopping using cards etc?
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TreFFS
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They're mucking me about again.


« Reply #3 on: Monday 13 July 2009, 2026 »

I'm not fussy. Your card details will do me fine Shell.
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gazza
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« Reply #4 on: Monday 13 July 2009, 2028 »

I have just been reading this news report about computer security and new ways for hackers to access your security data. What do you think of it ?. Should I stop online transactions etc ?.... how safe do you think online banking is with these security concerns ?. Thanks in advance for your comments.



A keylogger attack? If you have a loptap that might help. Or wireless keyboard, or even one with a shielded (grounded) cable.

The main security hole is usually spyware - malicious programs like viruses that have got onto your PC and will snoop in your browser history for any financial information, or perhaps enough personal information for an attacker to guess what they need to know. So keep your software and antivirus all up to date. Better still browsers these days are now coming with anonymous browsing, so nothing gets saved (Firefox 3.5, Google chrome, and even IE8.

You could also get one of these:
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Shell
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« Reply #5 on: Monday 13 July 2009, 2030 »

Wow!  So I can surf and have highlights at the same time? Grin
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gazza
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« Reply #6 on: Monday 13 July 2009, 2032 »

Does this include online shopping using cards etc?

Yes, I wouldn't rule it out... Thing is, they would have to pretty near by (i.e same / next room) with a probe, scope, and loptap, so don't be too paranoid.
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gazza
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« Reply #7 on: Monday 13 July 2009, 2033 »

Wow!  So I can surf and have highlights at the same time? Grin

I always thought there was a deeper purpose for them hairdo thingies...
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Porty
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« Reply #8 on: Monday 13 July 2009, 2033 »

Who's that in the picture ?  Cheesy
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Shell
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« Reply #9 on: Monday 13 July 2009, 2038 »

Who's that in the picture ?  Cheesy

I don't know, but he shouldn't be twiddling his knob.
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gazza
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« Reply #10 on: Monday 13 July 2009, 2050 »

Who's that in the picture ?  Cheesy

Don't know, sorry...
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Baz
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« Reply #11 on: Monday 13 July 2009, 2050 »

Thanks for the comments, and thanks gazza, I've been a little concerned about it so I will take note of what you said.

Tref my bank account number is 77-48-13 0666 0666 and my password is bazpunsrule4eva.


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TreFFS
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They're mucking me about again.


« Reply #12 on: Monday 13 July 2009, 2056 »


Tref my bank account number is 77-48-13 0666 0666 and my password is bazpunsrule4eva.


Thank you Baz. I'll send you a postcard from wherever it is your money takes me.

Pity the taxman got to you first. Grin
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Baz
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« Reply #13 on: Monday 13 July 2009, 2059 »


Tref my bank account number is 77-48-13 0666 0666 and my password is bazpunsrule4eva.


Thank you Baz. I'll send you a postcard from wherever it is your money takes me.

Pity the taxman got to you first. Grin

Enjoy Margate  Grin
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Nooks
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Porthdafach here we come!


« Reply #14 on: Tuesday 14 July 2009, 0845 »

As an electronics person, I would say the report describes an operation that is possible but not very probable.

To be honest It would just be easier to nick your credit cards out of your hambag.

Follow a few rules when doing internet financial transactions.

1. Only do it at home on your own equipment.

2. If using a wireless system, make sure you have all the encryptions in place - particularly if you are using a router purchased from a shop as opposed to one given by your ISP. They are just as good but you need to set them up properly.

3.  Never save any passwords on your system

4.  Shred any printed matter after you have finished with it.
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REEnie
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please dial 1. for the Complaints About Wils dept.


« Reply #15 on: Tuesday 14 July 2009, 0850 »

How does it work in the Uk?

Here we get generated codes - the bank web-site will generate a code when you wish to log in/ start and complete a transaction - we have a small machine called and e-dentifier, you type your pin nr in, then the new code into the machine and recieve an answering code which you then type into the required box, to complete your transaction.

Takes more time and is a bit fiddly, but is very safe I think.

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Nooks
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Porthdafach here we come!


« Reply #16 on: Tuesday 14 July 2009, 0856 »

With my bank, business banking is something similar. Personal banking is more basic - but still passworded! I guess they don't expect us to have much money in our personall accounts in the UK. Tref of course hides all his money under the carpet (but he will never say which one) and we all know about Porty!  Cheesy
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gazza
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« Reply #17 on: Tuesday 14 July 2009, 1457 »

How does it work in the Uk?


These are being introduced, mine arrived in the post a week ago and I've yet to use it.
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Carnedyr
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« Reply #18 on: Tuesday 14 July 2009, 1657 »

Afaik most online banking is protected by the banks and if anyone takes money from you by fraud they will refund your loss, our responsibility is to report to the bank asap if we see anything wrong with our accounts.

Is this true and has anybody had experience of this?

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Porty
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« Reply #19 on: Tuesday 14 July 2009, 1805 »

How does it work in the Uk?

Here we get generated codes - the bank web-site will generate a code when you wish to log in/ start and complete a transaction - we have a small machine called and e-dentifier, you type your pin nr in, then the new code into the machine and recieve an answering code which you then type into the required box, to complete your transaction.

Takes more time and is a bit fiddly, but is very safe I think.



Natwest are doing it over here.
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Town Boy
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« Reply #20 on: Wednesday 15 July 2009, 2253 »

I've heard stories of people people parking up in streets and searching for wireless signals, then using there isp to surf away mad i know but it happens still.
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gazza
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« Reply #21 on: Thursday 16 July 2009, 1549 »

I've heard stories of people people parking up in streets and searching for wireless signals, then using there isp to surf away mad i know but it happens still.

Yes, these are people who don't encrypt their home wireless router, which seems a tad silly, but most people don't have the skills to do it. Thankfully, most ISP's set this up out of the box for their users these days.
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TreFFS
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They're mucking me about again.


« Reply #22 on: Thursday 16 July 2009, 1600 »

Being a non-tecchie I find this puzzling.

Isn't it all a bit hit and miss? Surely no one will sit outside my house for hours on end on the off chance that they will catch me doing some on-line financial transaction?

Or have I got the wrong end of the mouse?  Huh
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gazza
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« Reply #23 on: Thursday 16 July 2009, 1714 »

Isn't it all a bit hit and miss? Surely no one will sit outside my house for hours on end on the off chance that they will catch me doing some on-line financial transaction?

Sure... Town Boy's post was about people getting in range of an insecure wireless home network and using it to access the web.

However, if you're computer's on at the time, that person would also be able to obtain access to any shared folders.
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