[Dshield] Banks Shifting Logins

Justin S jgs316 at gmail.com
Wed Aug 24 14:43:13 GMT 2005

On 8/23/05, Mike Wydra <mwydra1 at comcast.net> wrote:
> Justine S. wrote:
> >The thing I find amusing is the people that are most paranoid about
> >internet banking are the ones that have no problem handing over a
> >paper check to a clerk at a store that has their name, address, phone
> >number ,drivers license number, bank name, and account number on it.
> >If people want security they should quit using checks.  (my two cents)
> I must agree with Justin - It's going to be "a cold day in hell" before I do ANY on-line banking in the current environment. As more and more regular people get their funds stolen, or their credit wrecked, they will go back to visiting a "teller," and using snail mail. On-line banking is not safe, even if you have a totally secure machine. When people start to realize this on a mass scale - it will wreak the economy. There is only one solution for this, but I'm not going to start another holy war on the list by mentioning it. As far as "job security" is concerned - there will be no need for IT specialists when "Joe Average" quits using the Internet for ANY type of financial transaction.
> Mike Wydra
> AT&T   USA

Ummmm.....I think you must have misunderstood me.  I am all about
internet banking.  Who's to say your account is any safer walking up
to a teller?  Or paying with a check?  Or handing your credit card to
a waiter/waitress who walks off to an undisclosed location to run the
transaction?  Are you going to drive to every company you do business
with and pay in cash?  Electric company, water, phone, etc.  If you
send them a check in the mail, somebody can do a whole heck of a lot
more damage to your credit than they can if they steel your credit
card/check card number while paying your bill online!  Credit cards
and check cards have protections on them so you are not liable and you
will get reimbursed for losses.


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