Internet banking fraud

[silentC]

You can still do that if you want. Nothing that a pair of bolt cutters and a shotgun or a steak laced with arsenic wouldn't take care of though.

[Ashore]

Does anyone else long for the 'good old days' when secure banking meant you had a large, steel bound oak box in the basement, liberally wrapped with heavy chain interlinked with large padlocks, all capped off with a very large, very hungry and bad tempered mongrel dog.

Don't know how you got in to see it but i'm changing the locks on the basement door

Silent

I saw a conspiracy show once that said US stopped at 128 encryption for public use was because any stronger and the FBI computers then wouldn't be able to crack it.




The trouble with life is there's no background music.

[DanP]

Commonwealth Bank's Netbank used to work that way.

Now they put up a code table. You type the corresponding letter from the code table for each number in your PIN. The code table is different each time you log in.

I'm with them and I've never seen anything but an ID and password login. :confused:

Doesn't matter anyway the true theives are the banks. :mad:

[station-rat]

I am with you DanP, only a Client Number and then the Password?
Station-rat

[silentC]

Oops, my mistake

It's not Netbank, it's our other bank that does that - IMB. Yes, Netbank has a userid and password setup, not a PIN number.

You also have to move your mouse until a yellow bar runs right across the screen. Another way of making sure it's a real person looking at the screen.

[Stuart]

Perhaps the bank should move towards smart cards- you can buy keyboards commercially that accept them, just plug the smartcard in and away you go (banks have been using this system in-house for ages).

"The trouble with life is there's no background music."
Buy an iPod!

[Ashore]

"The trouble with life is there's no background music."
Buy an iPod!

Don't you Mac guys never give up trying to get us to convert.

I'll bet you had a beta video too



The trouble with life is there's no background music.

[silentC]

Perhaps the bank should move towards smart cards

There's been talk of that for years. I've seen the keyboards that take them (Australian invention - Keycorp) and they use them in the branches.

At the end of the day, it's a matter of calculated risk. Is it worth the money to develop a water tight system vs. the cost of coping it sweet when someone rorts it? If you're making a 2 billion dollar profit p.a., at what point do losses to fraudulent activity become more than a nuisance?

[Stuart]

I'm PC actually. No wait, I'm not very PC at all, but I use PCs... Course, I do have an Apple ][e in my office, and a Mac Mini, and an iPod...... However, that is balanced against the 4 PCs, so I'm still non PC enough to say that I favour PCs, so long as its not PC to mention this........

If anyone actually understands the mixed TLAs here then more power to you!

[silentC]

You do know what TLA stands for, don't you Stuart?

[Daddles]

If anyone actually understands the mixed TLAs here then more power to you!

Stuart, the bottle of thinners is for cleaning BRUSHES

Richard

[Ashore]

Stuart the question stands " were you a beta looser or not"







The trouble with life is there's no background music.

[silentC]

Mr Ashore, do you type your signature line in every time?

[Sturdee]

RM,

When you log on to Internet Banking, you first enter your login-ID, i.e. your customer number, which tells the bank what PIN number to expect. You then enter a 4-digit PIN number. It is not alphanumeric, and is always 4 digits.
However, as SilentC has explained, the Commonwealth Bank already uses a more sophisticated version of my idea. I just wish all banks would.

Rocker

Rocker, for my internet banking with the Commonwealth I have a 6 digit pin, for the ANZ and Westpac an 8 digit alphanumeric pin.

Only on eftpos cards have they numeric pins with 4 digits for ANZ and Westpac and 6 digits for Commonwealth.

Must be different up north.


Peter.

[Gumby]

RM,

When you log on to Internet Banking, you first enter your login-ID, i.e. your customer number, which tells the bank what PIN number to expect. You then enter a 4-digit PIN number. It is not alphanumeric, and is always 4 digits.

The 3 I use for internet banking are:

The NAB is a 6 digit alpha/numeric

Bendigo Bank is same,

CBA is 6 but only numeric