[Clips] Banks Seek Better Online-Security Tools

[Nicholas Bohm]

dan at geer.org wrote:
> You know, I'd wonder how many people on this
> list use or have used online banking.  
> 
> To start the ball rolling, I have not and won't.
> 
> --dan

I do.

My bank provides an RSA SecureId, so I feel reasonably safe against
anyone other than the bank.  I have no basis for knowing how good the
bank's precautions against insider fraud are, but they phone back to
confirm unusual instructions, and they ask for only fragments of
passwords when they do, so there is evidence that they make sensible
efforts to do the right thing.

I have been a good customer for more than 30 years, it's a highly
respectable specialist bank, I am a lawyer, and if I find a fake
transaction on my account I believe I stand a good chance of fighting
it.  I know who to hire as an expert to investigate the bank's system
when I have put it in issue in litigation.  The aggregate of my balance
and my credit limit is an amount I can afford to lose.

In this context the convenience of online banking is enough to justify
the risk.

Nicholas Bohm
-- 
Salkyns, Great Canfield, Takeley,
Bishop's Stortford CM22 6SX, UK

Phone   01279 871272    (+44 1279 871272)
Fax      020 7788 2198   (+44 20 7788 2198)
Mobile  07715 419728    (+44 7715 419728)

PGP public key ID: 0x899DD7FF.  Fingerprint:
5248 1320 B42E 84FC 1E8B  A9E6 0912 AE66 899D D7FF


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