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the effect of e-banking to other product???

By chuilinglow ·
please answer me as soon as possible...thank you..

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What was the Question?

by HAL 9000 Moderator In reply to the effect of e-banking t ...

You'll have to be a bit more specific before anyone can offer any advice here. Do you want to know what benefits as apposed to the downside of Internet Banking, phone Banking or what.

Incidental this may be better off in the Q & A Section where you will get an auto generated e-mail when ever anyone responds to your question if speed is what you want that that would be the fastest way.


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my question...

by chuilinglow In reply to What was the Question?

what are the effect of internet banking to other product??

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It is far cheaper for the bank

by HAL 9000 Moderator In reply to my question...

But at the cost of your personal security. The banks would have you believe that their systems are fool proof but in reality they are far from this and are open to abuse and almost impossible to prove once this has happened with the emphasis being on you to prove the unauthorized transaction than the bank on proving that it was correct.

There is also the week link of the computer from which the e-banking was done being stolen which would then allow unfettered access to the account/s or worse still the unit being sold when a replacement is bought and the proper systems not followed which allows the buyer or some other person access to the bank accounts. As I consult for a bank I can tell you this that we never let a HDD leave the business at all when they are no longer useful a computer is just either sold off or handed to a charity but always with a new unformatted HDD fitted and the one that was in it kept by the bank.

These are either allowed to be used by staff from the IT department if they are needed or are destroyed this involves being dismantled and different parts being disposed of in a different manner but always the platters are destroyed by removing any magnetic material from them so there is no possibility of any data being recovered. To date there is no 100% perfect way of guaranteeing that the data can not be recovered at all so we just bite the bullet and remove the HDD so that we can be sure that the data is not let lose into the public domain.

Incidental there was a PHD student in Britain who proved that any one with half a brain could crack the "PIN" number on a bit of plastic within 15 attempts, the banks naturally got together and attempted to get an injunction preventing this student from publishing/submitting his final thesis but the University where he was studding fought back with the fact that every thing contained in the thesis was already public domain so the banks had no reason to have the injunction granted. I don't know exactly how that one turned out but I can tell you that the security measures used by banks "HAS NOT" been improved.

The best thing that I can say is use e-banking at your own risk and be prepared to suffer the consequences when things go wrong as they eventually will.


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by chuilinglow In reply to It is far cheaper for the ...

thank you for your opinion!!!what pose you doing now?because my project need to support by an expert.

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Well I own a business who supports business

by HAL 9000 Moderator In reply to

networks, we design, build, install, maintain and advise on security issues.

I am also a security consultant for one of the banks over here and since it is now Public Domain I can now add that there is currently a piece of malicious code doing the rounds on the web which finds and reports back on any INTERNET banking that may be found on any computer that becomes infected with the code.

What this effectively means is that the account details can become used by non authorized persons to remove money from accounts and as the security breach didn't happen at the Banks end they are not responsible for any money that may go missing.

This has been going on for at least 3 weeks as that was when I first heard of it but was sworn to secrecy as it would adversely impact upon the perceived security that surrounds Internet Banking by the general public. But to be brutally honest there is no real security when it comes to INTERNET banking there are a multitude of problems just going to a "Hole in the Wall" and inserting a bit of plastic which is very easy to spoof or even using the same bit of plastic at a shop as then all the details of what you have bought are made available to the bank in question as well as exactly where the transaction occurred and at what time.

This information is often sold on to business who can then target their new products better or to see how current promotions are going as they have a real time buying guide available to them from this sought of transaction.

But to be honest I'm far from any form of "Expert" in this area I'm only a guy who is attempting to do his best to stay one step ahead of the threats which are always out there as the banks and other big business attempts do perform more and more transactions across the net to save them money in either needing to have buildings and staff in place to have direct contact with the customer or in the case of product being sold across the net any form of shop front at all as this is the most expensive part of any business.

If it can be cut down to the bare minimum there are massive savings to be made and the added advantage of if any security breaches do occur at the user/customer end the Bank/Business is not responsible for this and does not carry the costs involved. They also do not need to have any cash on hand for these transactions and as we move to-wards a money-less society these security breaches will only increase in frequency and adversely impact upon the customer in question.

What is needed but never implied is better education for the customer so that they have a very high level of security on their personal computers which in most case at present simply doesn't happen. While I mainly work in the business area I am horrified by every home computer that I see where there isn't even any AV product installed and even with most home used versions of XP the firewall is not turned on as the end user knows no better. Now granted the MS Firewall isn't much chop but it is still better than nothing which is the current crop of things that I see on most home computers.

These that I do see are mainly the upper management who want access the the business networks while they are not at work or whatever and with Microsoft's new tools to add outside users I have had to rewrite my security policies to cover not only the business network but every "home" computer that has access to the network no matter how restricted this access is. Honestly it is horrifying to see just how poor the current level of security is on the upper managements home computers.


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