How banks work


How To Keep Your Banking Information Safe

It would seem that the computer is becoming alook for. Don't be counted as one of the
bigger and bigger part of our lives each andcareless!
every day. There's good reason for that
perception... it's true. One specific areaFrom the analysis of Trend Micro, a company
that is becoming incredibly popular is onlinethat specializes in computer security, you
banking. Customers love it because it is verycan clearly see that the year 2004 was a
convenient and a great time saver. The banksrecord year for the distribution of
love it because it automates a great manycomputerized viruses: 30 attacks, 28 of which
functions for them and cuts down on theirwere medium risk and two high risk. Three
overhead.worms held the first position: Bagle, Mydoom
and Netsky, which, together with their
The number one concern of anyone that dealsvariants, were the cause of 25 of the
with online banking should be security.registered  attacks.
Putting your personal information over the
Internet can be risky, there is no denyingEmail was the preferred channel of diffusion
that. Fraud and identity theft have becomeused by the hackers, but some choose other
huge problems in the modern age. There arechannels to illegally to create more serious
any number of hackers and thieves out theredamage. The indiscriminate sending of email
in cyberspace just waiting to prey onmessages and/or newsletters (Spam), without
innocent  people.the consent of the receiver, is illegal. In
some countries the authorities established
Fortunately for us, the financialthat: to send email published without the
institutions of the world are very aware ofconsent of the receiver is illegal. If this
this problem and are working aggressively toactivity is done systematically for profit,
combat it. There was a time when a bank'syou also violate a criminal norm and could be
chief security concern was whether they wouldreported  to  the  judicial  authorities.
be robbed or not. I think we've all seen the
old movies about Bonnie & Clyde, JohnThere are several sanctions, and in the worst
Dillinger and the like... to say nothing ofcases, even imprisonment. The considerable
the daring train robberies of the wild west.damage that these activities have done to
Now banks face a new and much deadliercompanies and people has been enormous.
challenge than ever before, and instead ofMoreover, another tragedy called Phishing
wearing a mask and using a gun, the bad guys(the name given to the system that captures
are  now  invisible  and  use  keyboards.information like passwords or other personal
information) is used by many hackers that
Identity theft has now become so prevalentpretend to be reliable people seeking
that thieves are rifling through garbage toinformation. These hackers send false emails
attain any information that they can use tocontaining eBay, Pay Pal graphics and
steal from their unsuspecting victims. Withofficial logos and also offer Banking and
this said, there are some simple, commonCredit Card services. They ask for personal
sense approaches that will go along way todata, often your passwords or Credit Card
securing  personal  bank  information.numbers, which ends up in the data bank of
the hacker who had sent the false email. The
1.  Do  not share your passwords with anyone.experts define this illegal practice as a
form  of  "Social  Engineering".
2. Keep important documents locked in a safe
or  safety  deposit  box.Europe and the United States have promoted
two very distinct initiatives that will start
3.  Shred  documents that you no longer need.at the same time. The intention is to defeat
that virtual monster that has caused damage
4. If you bank online, make sure your bank isamounting  to  millions  of  dollars.
using a secure, encrypted site (It's OK to
ask  what  security  features  they  employ)."Safer Internet Plus" is the project carried
forward in Europe. The main target of the
I trust that what you've read so far has beenproject is to beat Spam. The American project
informative. The following section should goon the other hand is called "Digital
a long way toward clearing up any uncertaintyPhishNet" and is based on the collaboration
that  may  remain.of several institutions, such as the FBI and
private companies. The target is to identify
5. When using an ATM make sure no one can seeand to bring to justice those people
the  codes  you  enter.responsible  for  online  fraud.
These are a just a few of the things that canHopefully, as we gain a better understanding
be done to keep banking information secureof the overall threat posed by internet
and to avoid possible crimes against you.hackers and other illegal user of the
While many of these suggestions seem to beinternet, we will be better able to counter
glaringly obvious, all to many times they arethe  attack.  Only  time  will  tell!
taken for granted or just plain ignored. It
is at these times when the criminals are atTake time to consider the points presented
their best. Individuals that grow carelessabove. What you learn may help you overcome
and complacent are exactly what criminalsyour hesitation to take action.



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