Re: security at banks

From: Barry Margolin (barry.margolin@level3.com)
Date: 02/26/03


From: Barry Margolin <barry.margolin@level3.com>
Date: Wed, 26 Feb 2003 15:34:35 GMT

In article <3e5c904c$0$23908$8fcfb86b@news.wanadoo.nl>,
Ruben Bosch <junkmail@rubenbosch.tk> wrote:
>How safe are banks?
>However they have several gadgets to make internet banking safe, can a
>hacker get in to a bank and steal our money?
>I need some info about it for school. However banks garanté that it's safe.
>I still don't believe them.

Since perfects security isn't possible, they generally supplement it with
insurance. In the US, most banks are insured by FDIC, which guarantees to
replace accounts worth up to $100,000.

-- 
Barry Margolin, barry.margolin@level3.com
Genuity Managed Services, Woburn, MA
*** DON'T SEND TECHNICAL QUESTIONS DIRECTLY TO ME, post them to newsgroups.
Please DON'T copy followups to me -- I'll assume it wasn't posted to the group.


Relevant Pages

  • Re: OT: The truth behind the AIG bailout
    ... AIG would've been safe, the banks would've been ... they're just an excuse to shovel taxpayer cash to the banks. ... Who IS getting the money, are all the depositors in money market accounts, that didn't KNOW they are going broke. ... The problem is that it would be EVEN WORSE if the tax payers did nothing. ...
    (rec.gambling.poker)
  • security at banks
    ... How safe are banks? ... hacker get in to a bank and steal our money? ... However banks garanté that it's safe. ...
    (comp.security.misc)
  • Re: Post Office mailbox door banks.
    ... > crate full of the doors at an estate sale and would love to turn them into ... I've seen coin banks made from them, ... The best one I've seen was made like a safe; ...
    (rec.woodworking)
  • Re: Someone please explain
    ... Short answer is that a Chinese wall between investment banks and ... regular banks got torn down, ... What Glass-Steagall did was real simple: if you wanted a safe ... place to keep your money where it would grow steadily at fairly ...
    (rec.sport.football.college)
  • Re: Someone please explain
    ... Short answer is that a Chinese wall between investment banks and ... regular banks got torn down, ... What Glass-Steagall did was real simple: if you wanted a safe ... place to keep your money where it would grow steadily at fairly ...
    (rec.sport.football.college)