I think there are two main issues with Internet Banking Security

Firstly Information security.  Speaking as an investigative researcher
Internet banking is far more secure. It normally means that the account is
subject to strong password security rather than just being protected by a
clerk asking for some combination of SSN, Date of Birth, and mothers maiden
name. It is far more difficult to get account  info when an account actually
protected by an unseen password.

As to financial security. If you pay by credit card in any restaurant or
shop in the world you are providing some of your financial information to
lowly paid employees. The world is not secure but Internet banks are
probably among the most secure financial institutions you deal with.

 -----Original Message-----
From:   Adam Shephard [mailto:[EMAIL PROTECTED]] 
Sent:   10 April 2002 18:37
To:     'Jasmine Sim'; [EMAIL PROTECTED]
Subject:        RE: Security Issues on Internet Banking

-----Original Message-----
From: Jasmine Sim [mailto:[EMAIL PROTECTED]]
Sent: Wednesday, April 10, 2002 1:23 AM
To: [EMAIL PROTECTED]
Subject: Security Issues on Internet Banking




Hi!

I wish to get some views and expertise on the security
issues of using Internet Banking.

<snip>

The ruling body on this is the OCC. Check them out at
http://www.occ.treas.gov/index.htm.

There's a lot to read there but this is a very complex issue.

Reply via email to