by TerranceBoyce
Sun Jun 08, 2014 7:13 pm
http://www.dailymail.co.uk/money/saving/article-2647498/Heres-protect-cash-bank-hacking-crime-wave.html
A very interesting article that explains some of the issues that many people simply don't understand about how vulnerable they are to online fraud. It doesn't even mention some other matters that concern me such as how does anyone who uses a website know that it isn't just harvesting card and bank details to use in fraud.
There is also the risk of indirectly accessing your bank account by phishing details of an account that is connected to your bank card, such as an ebay account. Every day I discover up to 8 car dealer accounts on Autotrader UK phished and, though they may not provide useful access to the bank account, the dealer will find himself paying for up to 100 of the scammer's adverts at anything up to around £60 each. If the account has been phished so easily, then it would be equally easily to load the target computer with a Trojan to pick up bank account details.
The vulnerability of banking apps on handheld devices is a whole other issue.
4 June 2014
Britain is in the grip of an online fraud epidemic and 2014 is expected to be a record year for losses to this kind of crime.
Official figures show £40.9 million has been lost to hackers who have found increasingly sophisticated ways around the systems put in place by the banks. This is money that the banks have not been able to get back and have lost for good.
Banks are trying to hold their customers responsible for online fraud as they fight a desperate war against internet hackers.
The High Street names are writing tough new rules that mean current account holders will be made to take the blame if they fall prey to online crooks.
A very interesting article that explains some of the issues that many people simply don't understand about how vulnerable they are to online fraud. It doesn't even mention some other matters that concern me such as how does anyone who uses a website know that it isn't just harvesting card and bank details to use in fraud.
There is also the risk of indirectly accessing your bank account by phishing details of an account that is connected to your bank card, such as an ebay account. Every day I discover up to 8 car dealer accounts on Autotrader UK phished and, though they may not provide useful access to the bank account, the dealer will find himself paying for up to 100 of the scammer's adverts at anything up to around £60 each. If the account has been phished so easily, then it would be equally easily to load the target computer with a Trojan to pick up bank account details.
The vulnerability of banking apps on handheld devices is a whole other issue.
CAR ADVERTS - If a car seller mentions escrow - he's scamming you Never ever for any reason pay anything until you have seen and inspected the vehicle
