Banking security Was:PARSEC: SPAMMERS (not !)

In article <JuGdnSvb0q3ICaLYnZ2dnUVZ_oudnZ2d@xxxxxxxxxx>,
Dave Froble <davef@xxxxxxxxxxxxx> wrote:

Paul Sture wrote:

Yep. Drifting slightly from the main topic, this brings us to to the
topic of identity theft. That happened to me nearly 20 years ago, and
VAXMAN's recent post here about similar brought back painful memories.

(Report a substantial loss of money to your bank, get asked to report it
to the police, then find yourself in an interview room being accused of
doing it with the aid of an accomplice. The bank's handling of the
matter made me seriously wonder if it was an "inside job" that they were
trying to cover up.)

This one's easy to see. The banking system is fatally flawed. Anyone
with your bank routing number and checking account number can initiate a
transfer. But the same information is on every check you write and send
to others. If the bank can get you to not file a claim against them,
then they don't have to replace the funds.

I don't know enough about the US banking system to comment, but the last
time I popped a letter into my local post box, there was a warning
telling you not to drop any bill payments in there, and instead take
them to the main post office. Apparently that scam is where fraudsters
substitute their own paying in slip, and you know nothing about it until
a payment reminder comes through the post. Nasty.

And some people wonder why I am reluctant to use a credit card over the
net. Yes, with a reputable company, I might be persuaded that a given
transaction may be secure, but what happens months later if those
details are still lying around on a system which happens to be
vulnerable to outside attack?

--
Paul Sture
.

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