money siphoned out from the bank through net banking......

@juhi06 (1850)
India
October 13, 2008 10:54am CST
hi friends how safe is net banking ? i heard of siphoning of huge funds from the banks in us etc. or it was only in movies but it started in india too!! the latest news says that from one business a/c more than rs 1.65 crores have been siphoned off over one week or so!! how safe is our money in banks?
4 responses
@quinnkl (1668)
• United States
14 Oct 08
Scary isn't it? These days you really wonder how safe our money is anywhere I think. All we can do is secure our computers and hope that our banks are securing theirs and more! Good luck to us all!
@juhi06 (1850)
• India
16 Oct 08
well life is like that!! every thing has the second side to it!! mobiles and computers are useful but the radiation effect is killing small birds and affecting human beings as well!! well we have to live here only till we have alternate arrangements on the moon!!
14 Oct 08
Hi juhi06, I have never ever thought our money was never safe in the banks from the first place, I rather have them stuffed in my mattress, but what can we do? none of our money is safe. Tamara
@juhi06 (1850)
• India
14 Oct 08
yes dear tamarafireheart, with the modern technology in place , there are extra facilities and the element of more risk too!! but the agencies involved should bring in legislation and adopt all such measures to keep the customer safety and interest as the top priority!! well iam happy if the money can remain safe while in the mattress!!
@savypat (20246)
• United States
13 Oct 08
To answer your question I don't know, we a insured by the Gov up to $250,000 after that we are on our own. And since it's the Gov that insures us we are only as save as the Gov is strong. This is in the USA
@juhi06 (1850)
• India
13 Oct 08
well that part i am not aware!! here the problem is it is a net banking fraud using the same code given to the customer!!
@KUSHANK55 (2437)
• India
13 Oct 08
hi dear juhi06, yeah it was in the paper today!! what has happened to our system!! who is at fault?
@juhi06 (1850)
• India
13 Oct 08
hi dear kushank55, it is a very serious matter!! and how it will be resolved no body knows!! EVEN THE PROPER CYBER LAWS ARE NOT IN PLACE!!