A Windows XP help forum. PCbanter

If this is your first visit, be sure to check out the FAQ by clicking the link above. You may have to register before you can post: click the register link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below.

Go Back   Home » PCbanter forum » Microsoft Windows 7 » Windows 7 Forum
Site Map Home Register Authors List Search Today's Posts Mark Forums Read Web Partners

Is safe online banking possible? sandbox?



 
 
Thread Tools Rate Thread Display Modes
  #16  
Old April 9th 15, 03:00 PM posted to alt.windows7.general
Mayayana
external usenet poster
 
Posts: 6,438
Default Is safe online banking possible? sandbox?

| I fondly remember when the bank teller told me
| about their "new online banking option".
|
| And how it was protected with a *three digit pin*.
| That was their password scheme at the time.

I recently needed to sign up with an online payment
scheme through Bank of America, to get a check from
someone in Europe. It worked fine but the whole design
is intended for convenience. Once the transaction was
done I called the service to delete my account. I could
tell from the way the clerk talked that he wasn't
actually deleting it. When I asked he confirmed that, no,
they *can't* delete it! So there was my account info
in an online database for no reason at all, other than
to make the operation easier if I ever wanted to sign
up again. With idiocy like that we're inviting economic
calamity.

So I closed my bank account and opened a new one.
I then asked at my bank whether I could block the account
from ever being eligible for online banking, to prevent
anyone taking over my account. I was told that I couldn't
(TD Bank) but assured that no one could forge my online
account because "we usually require a phone conversation
to set that up". (It also took me 3 tries to get an ATM card
without debit functionality. Though I'm sure TD Bank is not
any worse than others. People are just living in a Jetson's
fantasy, thinking only about convenience.)

So now the question is whether to just hope it will be
OK or whether to open an online account with an 87-character
password and hope the TD Bank site never gets hacked.

Apropos of that, I recently signed up for an IRS account
after reading about how people in foreign countries are
collecting personal info, forging online IRS accounts, then
filing for refund checks. The security all hinges on the IRS
having the right email address!

http://krebsonsecurity.com/2015/03/s...do-it-for-you/

Unfortunately for me.... or maybe fortunately, I'm self-
employed, so I never get refund checks. But for people
who do this could be a big risk.


Ads
  #17  
Old April 9th 15, 03:09 PM posted to alt.windows7.general
Shadow
external usenet poster
 
Posts: 1,638
Default Is safe online banking possible? sandbox?

On Thu, 9 Apr 2015 13:51:48 +0000 (UTC), "Beauregard T. Shagnasty"
wrote:

mike wrote:

Can you do safe online banking in win7?

Primary computer is win7 with firewall, AV, firefox, noscript...etc...
I've never had a known malware infection.
But that pesky "known" negates everything.

I'm paranoid about online banking.
For that, I boot a live linux CD that never goes anywhere but my bank.
It gives me a sense of security, but it's annoying.


Why don't you just install the Linux and use it instead? You'd have a far,
far less chance of being compromised by malware, keyloggers, hackers, and
all of that Windows-related stuff.


Root is safe in Linux, but "user" is NOT. Unless you are
stupid enough to browse using a root account, in which case root is
not safe either.
If you have Flash, Java and Mozilla/Google browsers installed
your "user" account is about as private as a Windows account. IOW, all
your personal files are accessible to scripting and can be datamined.
With the disadvantage that most people don't use anti-malware
on Linux, because they think it's safe.
[]'s
--
Don't be evil - Google 2004
We have a new policy - Google 2012
  #18  
Old April 9th 15, 03:10 PM posted to alt.windows7.general
Mayayana
external usenet poster
 
Posts: 6,438
Default Is safe online banking possible? sandbox?

| 2) There are thousands, if not tens of thousands, really,
| *really*, REALLY smart people working long hours trying to figure
| out how to separate us from our money by compromising
| network security.
|
| Do any of them really care about my dinky little bank account and
| retirement fund?
|

Dinky? That's where all the money is! Your
account may not be big, but hacking bank
accounts would be a gold mine. And they're not
insured as much as people would like to think.
For instance, commercial accounts don't get
covered if someone manages to get into them.
Personal accounts are guaranteed against
theft, but there are requirements about how
long you can wait before reporting the crime.
For that reason I avoid debit cards. (Not to
mention that use of debit cards is driving up
costs because stores pay a fee on every
purchase. I really just don't understand people
who think that cash is a "hassle" and want to
pay someone to handle the ordeal of paying for
a cup of coffee.)


  #19  
Old April 9th 15, 03:22 PM posted to alt.windows7.general
Shadow
external usenet poster
 
Posts: 1,638
Default Is safe online banking possible? sandbox?

On Thu, 09 Apr 2015 08:58:41 -0400, Wolf K
wrote:

On 2015-04-09 12:00 AM, Paul in Houston TX wrote:
mike wrote:
Can you do safe online banking in win7?


Online banking is unsafe by virtue of it being online.
I do all my banking at the bank.


Agreed, and BTW, since you have to use the bank's ID system, you can be
tracked even if you do all your banking at the bank.

Welcome to the surveillance society,


Which is why I said you can use Tails to access your bank
account, because the NSA already has the bank info, so it does not
really matter if it has the keys to the backdoors in Tails.
But DO unplug that HD first.
[]'s
--
Don't be evil - Google 2004
We have a new policy - Google 2012
  #20  
Old April 9th 15, 04:06 PM posted to alt.windows7.general
Char Jackson
external usenet poster
 
Posts: 10,449
Default Is safe online banking possible? sandbox?

On Thu, 09 Apr 2015 08:57:03 -0400, Wolf K wrote:

On 2015-04-09 12:00 AM, Paul in Houston TX wrote:
mike wrote:
Can you do safe online banking in win7?


Online banking is unsafe by virtue of it being online.
I do all my banking at the bank.


+1


-1

The same folks who are afraid to bank online will hand their credit card to
a teenager at a restaurant and watch him walk away with it.

--

Char Jackson
  #21  
Old April 9th 15, 04:17 PM posted to alt.windows7.general
Char Jackson
external usenet poster
 
Posts: 10,449
Default Is safe online banking possible? sandbox?

On Wed, 08 Apr 2015 22:43:02 -0700, "...winston?"
wrote:

Char Jackson wrote:
On Wed, 08 Apr 2015 23:00:54 -0500, Paul in Houston TX
wrote:

mike wrote:
Can you do safe online banking in win7?

Online banking is unsafe by virtue of it being online.
I do all my banking at the bank.


Same here!

Oh, wait, what year is this? The last time I went to a bank to do my banking
was approximately 1984. ;-)


I think that was the last time for Mr. Smith, Julia, O'Brien and Mr.
Charrington too.


Watch out for O'Brien, I think he's only pretending to help you with your
rebellious activities. He's secretly loyal to the Party.

--

Char Jackson
  #22  
Old April 9th 15, 04:40 PM posted to alt.windows7.general
philo
external usenet poster
 
Posts: 4,807
Default Is safe online banking possible? sandbox?

On 04/09/2015 07:51 AM, Big_Al wrote:
philo wrote on 4/9/2015 5:28 AM:
The other occurrence was in many ways my own stupidity for allowing a
company I did business with to store my credit
card number...and they got hacked. Again I did not lose any money, I
simply was issued a new card.(and make sure I don't
inadvertently allow a vendor to store my credit card number)


I've always given thought to having a prepaid credit card, if that's the
right term, where I can load it with 'x' number of dollars and then do
online purchases. This isn't banking I know, but in reply to your
credit card issue, a prepaid would prevent anyone from taking more than
the $ on the card. If I gave it out to any sites/businesses, I'd just
have to keep track of any auto debits and schedule loading the card
ahead of time.

This would at least keep the credit card issues outta my hair. Maybe?




Nothing wrong with a prepaid card...however with (probably) most credit
card companies you are protected against fraud.

Anyway, with a bit of common sense and normal security, using a Win7
computer to do on-line banking should be fine.

I'd run a root kit checker periodically.
  #23  
Old April 9th 15, 05:09 PM posted to alt.windows7.general
philo
external usenet poster
 
Posts: 4,807
Default Is safe online banking possible? sandbox?

On 04/09/2015 09:09 AM, Shadow wrote:



snip
Root is safe in Linux, but "user" is NOT.



100% incorrect

  #24  
Old April 9th 15, 05:34 PM posted to alt.windows7.general
Beauregard T. Shagnasty
external usenet poster
 
Posts: 206
Default Is safe online banking possible? sandbox?

Wolf K wrote:

Beauregard T. Shagnasty wrote:
mike wrote:
Can you do safe online banking in win7?

Primary computer is win7 with firewall, AV, firefox, noscript...etc...
I've never had a known malware infection.
But that pesky "known" negates everything.

I'm paranoid about online banking.
For that, I boot a live linux CD that never goes anywhere but my bank.
It gives me a sense of security, but it's annoying.


Why don't you just install the Linux and use it instead? You'd have a
far,
far less chance of being compromised by malware, keyloggers, hackers,
and all of that Windows-related stuff.


It's the bank's security holes I worry about.


There is always that. For myself, I alleviate a lot of it by dealing only
with a small-target local credit union. We also only connect online via a
Linux PC.

--
-bts
-This space for rent, but the price is high
  #25  
Old April 9th 15, 05:48 PM posted to alt.windows7.general
Shadow
external usenet poster
 
Posts: 1,638
Default Is safe online banking possible? sandbox?

On Thu, 09 Apr 2015 11:09:36 -0500, philo wrote:

On 04/09/2015 09:09 AM, Shadow wrote:



snip
Root is safe in Linux, but "user" is NOT.



100% incorrect


OMG
Firefox in Linux has exactly the same access to user's files
as Firefox in Windows. Fire up the Jotti site and upload a user file
the
http://virusscan.jotti.org/en

See ? Any script can do the same you just did, unless you
have a load of malware blockers or heavily tweak settings.

Can't send a root file. But very few people chown private data
to root, it's all with user owned and RW permissions.
[]'s
--
Don't be evil - Google 2004
We have a new policy - Google 2012
  #26  
Old April 9th 15, 05:55 PM posted to alt.windows7.general
A
external usenet poster
 
Posts: 289
Default Is safe online banking possible? sandbox?

mike wrote:
Can you do safe online banking in win7?


Depends on the bank. My bank sends me a code to my mobile phone when I
buy online.

--
A
  #27  
Old April 9th 15, 06:13 PM posted to alt.windows7.general
Ken Blake[_4_]
external usenet poster
 
Posts: 3,318
Default Is safe online banking possible? sandbox?

On Thu, 09 Apr 2015 04:28:47 -0500, philo wrote:


First off, anyone who questions why you do on-line banking is about 25
years behind the time.



Other than perhaps thinking that 25 is somewhat too large a number, I
completely agree.



I do 99% of my baning on-line.



I deposit checks in person at the bank (but I get very few checks.
Almost everything comes on-line). And I get cash at the bank's ATM
machine (but I get and use very little cash). Except for very
occasionally going to our safe deposit box, those are the only times I
go to the bank.

So I don't know whether 99% is right for me, but it's certainly a
large percentage.


I perform so many
transactions that it would be insane to bank in person.



As far as I'm concerned, "insane" is an overstatement, but I otherwise
agree with you.



Funny though, but I have had problems twice and in both instances it was
NOT a problem with the security on my computer.



You've had two problems more than I have. And I've been doing almost
everything on-line for the last 20 years or so.

  #28  
Old April 9th 15, 06:15 PM posted to alt.windows7.general
Ken Blake[_4_]
external usenet poster
 
Posts: 3,318
Default Is safe online banking possible? sandbox?

On Wed, 08 Apr 2015 18:20:38 -0700, mike wrote:

Can you do safe online banking in win7?



I see some people have told you "yes" and others have said "no." I'll
add my strong "yes" to the votes.

  #29  
Old April 9th 15, 06:18 PM posted to alt.windows7.general
philo
external usenet poster
 
Posts: 4,807
Default Is safe online banking possible? sandbox?

On 04/09/2015 12:13 PM, Ken Blake wrote:
On Thu, 09 Apr 2015 04:28:47 -0500, philo wrote:


First off, anyone who questions why you do on-line banking is about 25
years behind the time.



Other than perhaps thinking that 25 is somewhat too large a number, I
completely agree.



I do 99% of my baning on-line.



I deposit checks in person at the bank (but I get very few checks.
Almost everything comes on-line). And I get cash at the bank's ATM
machine (but I get and use very little cash). Except for very
occasionally going to our safe deposit box, those are the only times I
go to the bank.

So I don't know whether 99% is right for me, but it's certainly a
large percentage.


I perform so many
transactions that it would be insane to bank in person.



As far as I'm concerned, "insane" is an overstatement, but I otherwise
agree with you.



Funny though, but I have had problems twice and in both instances it was
NOT a problem with the security on my computer.



You've had two problems more than I have. And I've been doing almost
everything on-line for the last 20 years or so.




Yes, after I posted I realized that 15 years is a more realistic number.


At any rate, the problems I had were not at all related to security on
my own machine
  #30  
Old April 9th 15, 07:12 PM posted to alt.windows7.general
(PeteCresswell)
external usenet poster
 
Posts: 1,933
Default Is safe online banking possible? sandbox?

Per Mayayana:
...I avoid debit cards. \


Given the protections inerrant in credit cards, I can't see why people
use debit cards - unless it's the exposure to risk under most credit
card vendors' business models, which is around the extremely heavy
penalties if/when somebody makes a payment error.

Personally, I choose to go with the risk (what, maybe $300 max if I mess
up?) vs the chance of somebody draining my account when I'm not looking.
--
Pete Cresswell
 




Thread Tools
Display Modes Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off






All times are GMT +1. The time now is 02:07 AM.


Powered by vBulletin® Version 3.6.4
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Copyright ©2004-2024 PCbanter.
The comments are property of their posters.