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Safety Of Online Banking?

Tuesday, January 29, 2013 - 3:42 PM
Do you bank online? Or do you only bank at the branches of your local banks and credit unions? I know a few people who avoid online banking due to safety concerns. This Dough Roller blog post has a good overview of the risks of online banking and tips to ensure your money stays safe.
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Ken TuminKen Tumin5,442 posts since
Nov 29, 2009
Rep Points: 123,743
1. Tuesday, January 29, 2013 - 7:35 PM
"Some banking Web sites have an option that offers to “remember your computer.” Choosing this option would allow you to bypass some security questions if the bank’s system recognizes your IP address. The problem is that hackers can spoof your IP address and make your bank think that the hacker’s computer is really yours. In short, do not enable this feature. Yes, you will end up answering more security questions, but it is also more secure."

Most people probably don't follow this advice because it's too much of a bother.
3
ShorebreakShorebreak2,376 posts since
Apr 6, 2010
Rep Points: 12,693
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