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Thursday 17 September 2009

Online Banking Is It Flawed?

The banks in the UK are doing a tremendous amount to prevent online banking fraud, however i believe the initial process to be flawed, when you receive your initial digital banking letter in the post delivered insecurely off course dint be surprised to see your if customer number is:
  • your bank account number 11111111
  • your card number 1111 1111 1111 1111
  • or one bank i know likes to use your DOB followed by your branch dial code 010119800171 which is 01/01/1980 bank area dial code for London 0171
organized criminal elements working within or has minions working in the postal system no this and some are on the lookout for mail that has certain return address as they know that its for banking. oh dear. Then a few days later your so-called tamper proof pin comes in the post. Firstly your initial letter from the bank, contains no reference to your pin been sent in a tamper-proof way. Secondly the vast majority of people who have never used digital banking or never lost their pin number will never have even seen tamper-proof paper.

Once again the fraudsters know this and are not deter ed they will simply open the letter and send you the pin and make it appear to be from your bank.

How many of you check to make sure the letter from the bank really is from the bank.

Some people just simply underestimate the lengths people will go to, to defraud you.

Personally the bank should make you go into your branch and setup your digital banking that way, dont you agree!

REMEMBER TO REPORT ANY SUSPICIOUS ACTIVITY ON YOUR ACCOUNT IMMEDIATELY

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