Re: security at banks

From: Al Dykes (adykes@panix.com)
Date: 02/27/03 

From: adykes@panix.com (Al Dykes)
Date: 26 Feb 2003 19:31:15 -0500

In article <3e5d3067.153838498@news.clear.net.nz>,
John Elsbury <johne@snospam.sovereign.co.nz> wrote:
>On Wed, 26 Feb 2003 10:59:51 +0100, "Ruben Bosch"
><junkmail@rubenbosch.tk> wrote:
>
>>How safe are banks?
>
>Compared to which alternative?
>
>>However they have several gadgets to make internet banking safe, can a
>>hacker get in to a bank and steal our money?
>

Yes, become an employee of a bank, best as a investment banking
officer.

In general it takes someone on the inside to score really big. The
hackers have to stand on line behind the crooks that do it the old
fashioned way. Every year or so there's a story about a bank
officer doing comething that looses a bank 10's of millions per
incident and puts him in prison. Computers are rerely central to the
act.

This is all reported in the press. A search of the New York Times
would find a couple dozen major losses.

>No, and yes. Bank internal systems are generally fairly bulletproof.
>Interfaces to allow customers to transact over the internet are,
>however, necessarily less secure. Say, for example, you use an
>intenet cafe PC to enter your PIN and the PIN gets cached (or there is
>a keystroke logger installed on that PC). The information you supply
>is then no longer secret. That is your problem, not the bank's
>problem.
>
>>
>>I need some info about it for school. However banks garanté that it's safe.
>>I still don't believe them.
>
>Speak to the security manager at your local bank. Get hold of a copy
>of their terms and conditions for internet banking. Read it very
>carefully.
> 

-- 
Al Dykes
-----------
adykes@panix.com

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