[plug] Banks Online

[skribe]

At 14:01 29/06/00, Christian wrote:
>  I use ATMs and I'm not at all convinced that they are
>secure but they're too convenient for me to give up now...  Still, I do
>think Internet Banking is significantly less secure than ATMs so I aim
>to hold out for as long as possible. :-)

I disagree with you on this.  I think the relative risk is lower.  At least 
as far as my bank is concerned it is.  My account doesn't allow me to do 
anything but check balances and transfer money into a prior approved 
account (approval requires signatures and details on bank form).  So even 
if someone does break in all they can do is inconvenience me.  They can't 
actually steal the money.  The approved transfer account is with another 
bank and hasn't been set up for IB.  Once you break into the ATM account 
you can pinch $1000/day up to the limit of the account.

That notwithstanding, you're absolutely correct about the cryptography not 
being the weak link.  Even the account number and password system isn't the 
weakest link.  The weakest link is the people who use the service and the 
people that maintain it.


skribe
	Purity:                           62.0% 			
	Corruption:                    38.0%	
	Insanity:                        36.3636363636364%
	Weirdness factor:           31%
	Experience Level:           JonKatz Wannabe
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