On Line Banking is Suspect

With the many stories of hacking into computers, i have always been concerned about entering into on-line banking. I have risked being called "Neanderthal" about my opposition to going on to the Internet to do banking for fear that someone might be able to see my trail/tracking and follow me right into my bank account.

I am scrupulous about reconciling the bank every month. But that is an "after-the-fact" event that requires bank cooperation to review, clarify and correct. In the meantime, my funds availability would most likely  be reduced by the bank’s needing to set aside a reserve for the fraud.  Not even my latest book, The Successful Lawyer-Banker Relationship, would help me in this instance.

In USA TODAY Snapshots(r), GuardID Systems Online Identity Theft survey was reported. In response to the question, "Do you believe that financial institutions are doing enough to protect you from online fraud?" 55% said NO, while 45% said YES.

There is little solace in knowing that I am not alone. It is clear that many people are reluctant to use technology that is capable of becoming an open invitation to a clever hacker. Until there is certainty that one’s hard-earned wealth is protected against invasion by an unwanted intruder, a physical trip to the bank or placing a deposit into the mail will suffice.


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