New Technology Reviews!.: Banking

Security Issues - Wireless Banking & Trading

It seems like the world is going wireless these days, including the banking and trading industries. Wireless banking and trading is still in its infancy stage, and one must keep up with new products, new technological breakthroughs, and developmental aids to help with transitions from the old to the new. Standards are changing for APIs (interfaces), gateways, security methods, screens, operating systems, browsers, handheld devices, and different bandwidth requirements. All these changes reveal risks to systems and consumers. Wireless banking and trading can be risky, lengthy, and complicated to develop and use. Interfaces must be able to connect backend systems already in place, and application servers have to accommodate all protocols and devices. This is a must because manufacturers do not know which device users plan to use. This is true for application servers - they must be able to communicate with all gateways like WAP, GSM, two-way pagers, and other devices. Wireless networks function independently, and many devices, especially handheld, utilize their own standards to deliver data over data channels. Users personalize by customizing screens, alerts, notifications, and messaging devices easily. Systems should be capable of sending notices to users as needed regardless of devices types and brands. Platform selection is important and challenging for banking institutions and should not be done independently. Platforms should have the ability to integrate easily and reliably with new gateways to the backend or existing system. Some banking institutions outsource the development, implementation, and hosting of their systems and some may choose to use a third party to implement and host their system. All are viable options. Security is the most important issue facing financial institutions today. In an age of wireless communications with millions of users, all systems - whether wireless or cable - run the risk of hackers sometimes resulting in devastating losses. Wireless financial transactions are more attractive targets for the criminally-minded as their gains are greater. Users have worries that personal identifying information - credit card account numbers, identities, and other information - may be stolen. Such fears are confirmed with statistics indicating that more than ninety percent of corporate documentation/financial files have been hacked. Data flows through wireless devices are vulnerable with many systems offering little to no security with most security transgressions being carried out by employees working within the institutions or even the service providers themselves. Individual computing powers of handheld devices limit the ability to customize security, and many facilities that handle financial transactions are using a two-step code verification procedure as a means to protect and verify accessibility. This means that the user must be able to enter the correct codes to gain system entry. These codes must agree in order to authorize any transaction. It should be noted that the use of a two-step code verification procedure has shown a drastic reduction in the number of hacking incidents simply because of the requirement for personal knowledge of the same codes by the user, the service provider, and the financial institution. Another widely used system is the PK1 or Public Key Infrastructure utilized by many personal digital assistants and other similar devices. This system employs the use of two keys - public and private - to verify and decode data. The bank or other institution then uses the same system to prevent unauthorized system entry. It is more or less a question of what is better - speed or security. Encryptions vary depending on the platform used and the operating system with encryption speeds varying according to software selected. Another aid in security protection is the use of user identifications and individualized unknown passwords.

Security Issues - Wireless Banking & Trading

It seems like the world is going wireless these days, including the banking and trading industries. Wireless banking and trading is still in...

Online Banking May Not Be That Safe

Online banking is making everybody's lives easier and more convenient these days. There is no need for long lines, no need for carrying huge wads of bills, and no need to pay over the counter. Online banking allows the customer to transact business from his home. However, like with other new technological advantages, there are some negative ways in which online banking may backfire. Like the common cold, computer virus are evolving and being developed by evil hackers, who wants to "steal" information such as credit account numbers in order to steal the customers' hard-earned money as well.Recently, one Trojan virus has been making the rounds in a number of online banking companies. The Clamp virus works by infecting a user's computer, and lying dormant for hours or days, until a user visits a banking site, a credit card website, or any financial online company or institution. The Clamp virus will then steal the user's pertinent information such as log in names, and passwords, and then sends it back to the hacker's main website. Once the information was retrieved, these hackers will then use the information to steal, hack and commit fraud in a number of companies - all basically happening online.To prevent this from happening, there are number of ways which the customers of online banking can do to prevent computer hacking and identity theft. First it is important to keep the computer software's antivirus system up-to-date. A regularly updated antivirus software keeps track of new virus definitions that crop up everyday, and blocks it from the entering the computer. When visiting new websites, do not click on suspicious links or pop-up ads, as some of them could contain malware, install it on the computer and phish information from your computer's hard drive. As much as possible, do not store private information such as Social Security number, credit account number, passwords, and the like in your computer, so that Phishers won't be able to get anything. Always scan attachment files sent thru email - you never know whether a virus is lurking inside those files, even without the knowledge of the email sender.For better security and protection from hackers, there is an available a <a href="http://www.CyberDefenderDownload.com" rel="nofollow" target="_new">cyberdefender free trial</a> online. Try using the cyberdefender free download and see what a difference it makes in keep the computer safe and away from viruses. Although the website offers a myriad of opportunities to do business, meet people and even make money, always keep in the mind the dangers lurking on the Internet highway.	 	 		 			 				 					 						Irene Miller is a teacher. She loves words and plays with them.

Online Banking May Not Be That Safe

Online banking is making everybody's lives easier and more convenient these days. There is no need for long lines, no need for carryi...

IP Change For Enhanced Online Banking Security

By frequent IP Change you can make your online banking more secure. More and more business and a variety of transactions are conducted online these days. Amongst many financial transactions, online banking is growing faster than expected. Businesses and consumers both are using the internet for shopping, banking and financial management. The current internet security suites are not adequate protection against online theft and fraud. New technology using a simple idea of IP change along with data encryption give much more robust and secure online banking environment.Use of internet has made banking efficient and convenient. However, it has at the same time introduced a great amount of risk of online theft and fraud which has been growing equally fast. Internet is inherently an insecure platform because you are simultaneously connected with world. Computer viruses, spy ware, mal ware, key loggers and a variety of other security threats have been there almost from the beginning of the widespread use of the internet. There are brilliant but deviant programmers that seem to be one step ahead of the internet security industry. So it is a constant battle between the intruders and the security experts. In spite of the advances made in browser security and internet security suites that include fire walls, anti virus, anti-spy ware and even identity theft protection software nevertheless it is not adequate to fully protect yourself when banking online.Computer hackers are quite adept at breaching the firewall and once breached they can obtain your financial records, login passwords and account numbers. While online they can penetrate your network and intercept the data you send over the internet. It is especially so if your using unsecured wifi internet connection in spite of the best Internet security software.In order to make online banking safer one needs to take all the protection and safety precautions that are already well known, such as hacker proof passwords, frequent change of passwords and keeping your browser, operating software and internet security software updated. Having done that one needs to look at most vulnerable points that could be safeguarded for enhanced security.In order for hackers and online banking thieves to penetrate your computer system they need to know your computer's IP address, short for Internet Protocol Address. IP address is a six digit identifying number that is unique to your computer and gives out your exact location on the net. This address is assigned by your ISP (internet service provider). If this address can be hidden from others on the net you are that much more safer on the net. New technology has come in the market that allows you to make rapid IP Change. This is done by using several proxy servers with entirely different IP addresses. With the help of software (IP Changer) you can route internet connection through these remote proxy servers and change them frequently. So whenever you are connected to the internet no body sees your actual IP address. It is one of the addresses of the Proxy servers others see thus effectively hiding your IP address. You are thus able to surf the internet anonymously and securely. For additional and crucial security the data is encrypted so that it can not be hacked between your computer and the proxy server connection.So when banking online you are securely connecting to the proxy server and then on to secure servers of the bank. When you are submitting log in information or your private identifying information such as social security number and financial information it is all done securely and anonymously. This is extremely valuable and important when banking from public locations such as libraries, book stores or hotels where unsecured networks such as the wifi are used.All though there is perhaps never going to be absolute fool proof security this is as close to one as one can get with the currently available technology. It is this small but effective idea of IP change that makes it possible.	 	 		 			 				 					 						Now that you have found some valuable insight into online banking security issues go to <a href="http://www.change-ip-proxy.com" target="_new">http://www.change-ip-proxy.com</a> to get an in depth information about systems that allow automatic <a href="http://www.change-ip-proxy.com/" target="_new">IP change</a> for secure online banking and more.

IP Change For Enhanced Online Banking Security

By frequent IP Change you can make your online banking more secure. More and more business and a variety of transactions are conducted on...

How Dangerous is Online Banking?

The World Wide Web does not limit its audience. As a matter of fact, it is easily accessible to everyone-from children to adults-and everyone seems to be taking advantage of this 'opportunity.' More and more people are now getting comfortable with technology, and as a result, a lot of people are transacting online and performing their everyday transactions over the internet.Online banking is a recent innovation that was an offshoot of the accessibility of the internet. This new trend can boast of incredible rates and millions of subscribers. With more and more people taking advantage of the accessibility provided by the internet and the mobility afforded by high-tech gears and devices, online banking is the newest hype in the banking industry.However, it is worthwhile to mention that despite the convenience, online banking always comes with some form risk and dangers. A lot of people who transacted online compromised their accounts and some even became victims of identity theft.Scammers and identity thieves have made the internet a risky place to conduct transactions. One of the most famous strategies that they use is called phishing. In phishing, scammers put up bogus websites which are either replicas of legitimate sites or an independent site whose primary motive is to collect personal information like bank accounts, PINs, passwords and other personal identifying information. They then proceed to sending email messages to their victims which often contains a link that will redirect them to the bogus site. Once the personal information are captured, they are stored and either sold or used for personal gain.Another reason for insecure online banking transactions are unsecured computers. These units have been compromised either by viruses or because the computer is connected to an unsecured wireless network. Most computer hackers who gain access to the victim's information either hack the data directly from the computer, or as it is sent from the victim's computer to the bank's computer.Scammers and identity theft criminals can also use intimidation and other tricks to lure victims into providing their personal information. For instance, an internet user might receive an email from a certain hacker which informs him or her that the victim owes them some money from previous orders and non-compliance can result to legal actions.Of course, the threats of online banking are highly sensationalized. Even the press makes the issue seem very hot, thus people are always looking at these innovations with a negative perspective. It should be noted, however, that in real life, even ATM machines can be rigged by identity theft criminals or scammers to get the users' personal information and even 'banking people' who have access to the account details of their clients-like bank tellers-can illegally collect their customer's personal information. No single router is perfect.Of course, despite the risks, people are not intimated or taken aback. People still continue to conduct online transactions although they are more careful with the entire process as they check out security certificates and other security measures afforded online and by the bank itself.

How Dangerous is Online Banking?

The World Wide Web does not limit its audience. As a matter of fact, it is easily accessible to everyone-from children to adults-and everyo...

How Dangerous is Online Banking?

The World Wide Web does not limit its audience. As a matter of fact, it is easily accessible to everyone-from children to adults-and everyone seems to be taking advantage of this 'opportunity.' More and more people are now getting comfortable with technology, and as a result, a lot of people are transacting online and performing their everyday transactions over the internet. Online banking is a recent innovation that was an offshoot of the accessibility of the internet. This new trend can boast of incredible rates and millions of subscribers. With more and more people taking advantage of the accessibility provided by the internet and the mobility afforded by high-tech gears and devices, online banking is the newest hype in the banking industry. However, it is worthwhile to mention that despite the convenience, online banking always comes with some form risk and dangers. A lot of people who transacted online compromised their accounts and some even became victims of identity theft. Scammers and identity thieves have made the internet a risky place to conduct transactions. One of the most famous strategies that they use is called phishing. In phishing, scammers put up bogus websites which are either replicas of legitimate sites or an independent site whose primary motive is to collect personal information like bank accounts, PINs, passwords and other personal identifying information. They then proceed to sending email messages to their victims which often contains a link that will redirect them to the bogus site. Once the personal information are captured, they are stored and either sold or used for personal gain. Another reason for insecure online banking transactions are unsecured computers. These units have been compromised either by viruses or because the computer is connected to an unsecured wireless network. Most computer hackers who gain access to the victim's information either hack the data directly from the computer, or as it is sent from the victim's computer to the bank's computer. Scammers and identity theft criminals can also use intimidation and other tricks to lure victims into providing their personal information. For instance, an internet user might receive an email from a certain hacker which informs him or her that the victim owes them some money from previous orders and non-compliance can result to legal actions. Of course, the threats of online banking are highly sensationalized. Even the press makes the issue seem very hot, thus people are always looking at these innovations with a negative perspective. It should be noted, however, that in real life, even ATM machines can be rigged by identity theft criminals or scammers to get the users' personal information and even 'banking people' who have access to the account details of their clients-like bank tellers-can illegally collect their customer's personal information. No single router is perfect. Of course, despite the risks, people are not intimated or taken aback. People still continue to conduct online transactions although they are more careful with the entire process as they check out security certificates and other security measures afforded online and by the bank itself.

How Dangerous is Online Banking?

The World Wide Web does not limit its audience. As a matter of fact, it is easily accessible to everyone-from children to adults-and everyon...

How Dangerous is Online Banking?

The World Wide Web does not limit its audience. As a matter of fact, it is easily accessible to everyone-from children to adults-and everyone seems to be taking advantage of this 'opportunity.' More and more people are now getting comfortable with technology, and as a result, a lot of people are transacting online and performing their everyday transactions over the internet.Online banking is a recent innovation that was an offshoot of the accessibility of the internet. This new trend can boast of incredible rates and millions of subscribers. With more and more people taking advantage of the accessibility provided by the internet and the mobility afforded by high-tech gears and devices, online banking is the newest hype in the banking industry.However, it is worthwhile to mention that despite the convenience, online banking always comes with some form risk and dangers. A lot of people who transacted online compromised their accounts and some even became victims of identity theft.Scammers and identity thieves have made the internet a risky place to conduct transactions. One of the most famous strategies that they use is called phishing. In phishing, scammers put up bogus websites which are either replicas of legitimate sites or an independent site whose primary motive is to collect personal information like bank accounts, PINs, passwords and other personal identifying information. They then proceed to sending email messages to their victims which often contains a link that will redirect them to the bogus site. Once the personal information are captured, they are stored and either sold or used for personal gain.Another reason for insecure online banking transactions are unsecured computers. These units have been compromised either by viruses or because the computer is connected to an unsecured wireless network. Most computer hackers who gain access to the victim's information either hack the data directly from the computer, or as it is sent from the victim's computer to the bank's computer.Scammers and identity theft criminals can also use intimidation and other tricks to lure victims into providing their personal information. For instance, an internet user might receive an email from a certain hacker which informs him or her that the victim owes them some money from previous orders and non-compliance can result to legal actions.Of course, the threats of online banking are highly sensationalized. Even the press makes the issue seem very hot, thus people are always looking at these innovations with a negative perspective. It should be noted, however, that in real life, even ATM machines can be rigged by identity theft criminals or scammers to get the users' personal information and even 'banking people' who have access to the account details of their clients-like bank tellers-can illegally collect their customer's personal information. No single router is perfect.Of course, despite the risks, people are not intimated or taken aback. People still continue to conduct online transactions although they are more careful with the entire process as they check out security certificates and other security measures afforded online and by the bank itself.	 	 		 			 				 					 						Tina L. Douglas is a well established author on the topic of identity theft.For more advice and information on <a href="http://5identitytheftprotection.com/" rel="nofollow" target="_new">identity theft protection</a>, just click on the link.

How Dangerous is Online Banking?

The World Wide Web does not limit its audience. As a matter of fact, it is easily accessible to everyone-from children to adults-and ever...