Online banking: Anatomy of a hacking

Monday, 6 May 2002, 10:39 AM EST

Even if you have never banked online, your money may never be completely safe from an electronic heist.

Nearly every bank in the United States runs its operations on an internal network that connects to the Internet at some point. Although the banking industry claims that its security is virtually foolproof, others say that any technology can be penetrated under the right circumstances.

Electronic break-ins are often carried out with the help of factors that have nothing to do with technological wizardry, such as an inside source, simple carelessness, or an intruder's persistence in trying different passwords and account numbers.

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Comment:

Randy M. Nash wrote an interesting article entitled "Online Bank Security: Cover Your Assets" which can be found here. Randy says: "If you do decide to take your banking business online, please be very careful, and don't be afraid to ask some challenging questions."




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