New banking security
By RobinJ
@RobinJ (2501)
Canada
October 29, 2007 2:32pm CST
I just tried to get on to my bank account to see if my check had been deposited and they have now implemented new security features we are supposed to choose a picture they have provided and add it to our security, Can any one explain how this is going to make a difference it sure doesn't give me confidence in on line banking any more How about you?
2 people like this
3 responses
@r0131n (357)
•
30 Oct 07
The picture that the bank introduced is to prevent phishing. There are some malicious people out there wanting to get at your money. They copy a legitimate website (like a bank's website for example) and put it onto their own website. When you then visit your bank's website, you can get redirected to their website which looks exactly the same as the bank's. By doing this, they can get hold of your bank account number and password and empty your savings for you. A growing number of companies now added a security feature on their website such as a picture in your example (some use phrase or sentence). When you go to your bank's website, look for this picture because without this there is a chance that you've just been redirected to someone else's site. Its really an added security to let you know that you are you are typing your details on the bank's website rather than someone else's. Hope this helps.
1 person likes this
@RobinJ (2501)
• Canada
30 Oct 07
It helps but sure doesn't leave a good taste in my mouth about any sort of security when I asked about on line security I was told there is no possible way they can break our security, so I accepted their word and now find that it is a bunch of rot. I guess its back to burying my pennies in an old pickle jar in the back 40, let the hackers get that one they are welcome to the $1.25 they might get on a good day, and there hasn't been a good day for years, but I do understand about using my name and stealing my credit rating so I will grudgingly go along with it as I have worked to dam long and hard to get it. Thanks Robin
@BlueStarMom1 (931)
• United States
30 Oct 07
Gee, I have never heard of this and I agree that it doesn't sound like much of a security device. I also do a lot of online banking but I try to change my password fairly frequently. Are any of the pictures interesting? What kind of pictures do they let you pick from?
It is impossible for us to keep up with all of the security mesures they are coming up with. But it sure doesn't seem to slow down the hackers.
1 person likes this
@suspenseful (40193)
• Canada
30 Oct 07
ING is doing that to prevent someone other than you from getting into your account. They still have the little padlock at the bottom and you have to entered your id number first and then go to another page and enter your pin number, so the bad guys cannot use Roboform or even the password saver on Firefox to automatically get into your account, plus you have to enter a paraphrase and if you do not, you will not get in.
This avoids phishers and evil scam artists (are there any other type?)
