Are you happy to bank online?
I don't trust Internet banking because hackers can obtain access to confidential sites / details plus if we have another banking crisis as in the Northern Rock or Icelandic banks you cannot get your money out in time before they close the website or it gets overloaded and crashes.
Tue, 29/09/2009 - 14:53
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Security is more important than the small increases in interest available from on-line accounts.
It is not in the nature of the internet to be secure. This is why many businesses, the UK military and the security services maintain stand-alone IT systems that are divorced from the systems that they have connected to the web.
Encryption and passwords, handshakes and firewalls can all be defeated by skillful attackers. The internet should only be used for that money that you can afford to lose.
The risks are small but they are real.
Tue, 29/09/2009 - 15:11
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If banks and building societies are to close branches, and I wish they wouln't, they must
supply greater security and offer total return of any monies lost.
Tue, 29/09/2009 - 19:57
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It surprises me that people here feel that Online Banking is so risky...
Those same people will probably, at some stage of their life, enter their entire PIN number into a hacked Chip-and-Pin machine which will record their number in full.
Alternatively, many people think nothing of giving their card to a restaurant waiter who goes off somewhere with it - why so trusting???
Petrol Stations are also notorious for fraud and yet I never see many people paying with cash.
Providing people have decent firewalls & virus scanners in place on their PCs, there should be less risk in banking online than in normal everyday life.
The one thing I don't do is use online banking over a wireless network. Whether it has WEP, WPA or no encryption at all - it's too easily hacked, so I'll only use a PC connected directly to the router and therefore no wireless data.
Sat, 10/10/2009 - 16:31
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Bank and building society branches are disappearing from the high street, with most players increasingly encouraging customers to bank online instead.
This has led to more sophisticated internet banking security systems - but also, better rates and incentives offered for online-only deals.
But how do you feel about this gradual movement to online banking - do you prefer to manage your finances via the internet or are you happier visiting your local branch or calling up customer services?
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