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Question of the Day: How do you normally pay for purchases in stores?
Cybercrime ‘about to take off in SA’
- Thread starter rpm
- Start date
I must say that Standard Bank's one time password idea is absolutely brilliant!
A thief would have to steal your login details plus your cellphone to get any money out of your account.
Without the one time passwords all they can do is transfer money to your existing beneficiaries so one could just explain the situation to the beneficiary and get your money back.
The fact that Standard support other browsers is one of the main reasons I bank with them.
Why should one be forced to use Windows just to do Internet banking.
Last time I had an account at ABSA they only supported IE so I voted with my money and moved my business account across to Standard.
A thief would have to steal your login details plus your cellphone to get any money out of your account.
Without the one time passwords all they can do is transfer money to your existing beneficiaries so one could just explain the situation to the beneficiary and get your money back.
The fact that Standard support other browsers is one of the main reasons I bank with them.
Why should one be forced to use Windows just to do Internet banking.
Last time I had an account at ABSA they only supported IE so I voted with my money and moved my business account across to Standard.
What I don't understand is what hackers do when they gain access to your online banking account?
They've only gained access to the ability to transfer money to other accounts and make payments.
There has to be some sort of electron "paper trail" when you do anything with an account? If so, then if somebody wants to steal from me they have to have a ghost untraceable bank account or something.
If they have the skill to create those then isn't the ability to install a key logger should be the least of our worries?
Thoughts?
They've only gained access to the ability to transfer money to other accounts and make payments.
There has to be some sort of electron "paper trail" when you do anything with an account? If so, then if somebody wants to steal from me they have to have a ghost untraceable bank account or something.
If they have the skill to create those then isn't the ability to install a key logger should be the least of our worries?
Thoughts?
Exactly right Bcm.
Same goes for all the hype around "secure pages" - SSL or the little lock...
Problem is that if one organisation claims it has "protected" you or your data with some or other flimflam, then others have to have an equal or better "security" so as not to lose business. A whole industry created by user stupidity.
Same goes for all the hype around "secure pages" - SSL or the little lock...
Problem is that if one organisation claims it has "protected" you or your data with some or other flimflam, then others have to have an equal or better "security" so as not to lose business. A whole industry created by user stupidity.
acidrain
Executive Member
One cant have too many security measures when it comes to banking thats why i have also gone with standard bank. One time password... what a genious idea, and from what i recall its only valid for 15minutes or so... cant really recall. I must admit though i was a bit deterred when i noticed they removed the Pin Pad... i mean, it might be easier to just type it in but thats exactly why hackers dont worry with the more complicated methods, because people are just too careless and too ignorant to take extra precaution. When their money gets stolen they have a fit, when extra steps get implimented to protect this, they just dont bother using it
Oh come on - are you employed by standard****?
It's far, far more dangerous to hand over your credit card to a waitron at a restaurant, which millions of people do each day.
Show me just one instance of a "hacker" getting access to someone's bank login details - except for physically getting the card number and pin and (stupid standard**** - I mean, 3 separate login things to remember) password from the idiot - er, I mean client, and I will eat my post.
Ask your bank how many cases of theft have been investigated that did not involve the stupid client handing over the information. Not one. Zip. Nada.
It's far, far more dangerous to hand over your credit card to a waitron at a restaurant, which millions of people do each day.
Show me just one instance of a "hacker" getting access to someone's bank login details - except for physically getting the card number and pin and (stupid standard**** - I mean, 3 separate login things to remember) password from the idiot - er, I mean client, and I will eat my post.
Ask your bank how many cases of theft have been investigated that did not involve the stupid client handing over the information. Not one. Zip. Nada.
acidrain
Executive Member
acidrain
Executive Member
No not employed by them... just a firm believer in the service delivery.
Sure its more dangerous to hand your card to a waitron. im sure you have at least seen someone else's credit card before be it a friend or whatever. If so how come you have never used it since you have all the details needed. Unless the waitron is a drug addict or is in severe money trouble, i doubt he'll be willing to take the chance and commit fraud.
for the 3 seperate logins.... well thats just 3 more secure steps and if one isn't willing to remember it, then they should rather find a less secure bank.most people anyways remember far more than 3 numbers/combinations. bank card, email password, computer login password, telephone numbers, cellphone pin, cellphone security lock.... etc etc etc. why cant they remember 3 more combinations... its not like they 29 characters long... consisting of symbols numbers letters and with case sensitivity. card number=on your card so no need to remember... pin=only 5 numbers much like your atm pin so not hard to remember and finally password=could be a password you already know for something else. plus people generally make it priority to learn important things such as this.
just a thought
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Lord Anubis
Expert Member
Must say I am impressed with ABSA's electronic banking security...but unfortunately it allows you to add beneficiaries yourself without further logins. I was somewhat surprised the otherday to see on a popular online shop (SA) that it stored my credit card number as well as csv code??!! I thought that online payment wares didn't store the csv code?? I suppose there is nothing that's 100% secure. Afterall your own broser will by default cache all pages visited for some time and each saved page has a readable source code!
acidrain
Executive Member
What shop is this because i use one aswell that has stored my cvv number. Not too worried bout cache files on my pc as i run through a linux server plus have norton internet security altho times like these there is nothing 100% proof... but witblitz comes close.
Does your browser really cache ssl pages by default? That seems odd.
acidrain
Executive Member
For sure, but sad thing is some people are just like that... too naive and that will never change no matter how secure you make something.
I guess there is only one way to find out...