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Windows 7: Share your opinion about safety of online banking

View Poll Results: Is online banking safe?
Yes it is 20 80.00%
No it is not 3 12.00%
Not sure 2 8.00%
Voters: 25. You may not vote on this poll

19 Oct 2011   #1

windows 7 ultimate 32 bit
Share your opinion about safety of online banking

Hi everyone,
I would like to know everyone's opinion about safety of online banking and shoping etc. I have started this online banking very recently and after all the security arrangement still a bit worried about it.

My bank ( actually every bank in india )send a security number instantly into my registered mobile no in every step of the transaction and i have to put it to successfully do the transfer. So even my security arrangement fail and somebody do able to get the id and password still they wont be able to do anything since they wont have my mobile phone with them,isn't it? or am i missing some obvious point?

Between i use avast safezone for this. I upgraded specifically for this purpose. My vote goes to "not sure"

Please share your views.

My System SpecsSystem Spec
19 Oct 2011   #2

Windows 7 Professional SP1 32-bit

It's a very effective precaution, but the best thing you can do is not to lose your login/password in the first place and to use a strong password with all kinds of special characters and no plain readable words (these would be vulnerable to a classic dictionary attack).

Other than that, as long as you keep the OS and browser up to date and patched, I think online banking is perfectly safe. Just beware of phishing scams and doublecheck you're on the real website of your bank. I needn't mention the obligatory SSL encryption of course.
My System SpecsSystem Spec
19 Oct 2011   #3

Windows 7 Ultimate SP1 64-Bit

I haven't set foot in a bank to pay a bill for the last 10 years.

I've had an online account during that time and have had no security issues whatsoever. I have a strong password that is changed regularly, receive e-mail notification of any payment set up on my account and best of all, I have 24-hour access to my accounts.

As Corazon states, keeping your operating system, browser and patches up-to-date helps to ensure trouble-free cyber banking.
My System SpecsSystem Spec

22 Oct 2011   #4
A Guy

Microsoft Community Contributor Award Recipient

Windows 7 Home Premium x64 SP1

I voted yes. As well as having a likely overkill (I hope to never know :)) layered security. I have Keyscrambler and Zemana antilogger. I believe it's safer to bank online then to hand your credit card to your server in a restaurant. As long as you confirm it is a HTTPS:// address, and see the lock sysmbol, then I have no worries about online banking. A Guy
My System SpecsSystem Spec
22 Oct 2011   #5


Seriously, you can do banking on line now??
My System SpecsSystem Spec
22 Oct 2011   #6
A Guy

Microsoft Community Contributor Award Recipient

Windows 7 Home Premium x64 SP1

Quote   Quote: Originally Posted by Kipper View Post
Seriously, you can do banking on line now??
Lol, are you sure your system specs will support it? :)

A Guy
My System SpecsSystem Spec
23 Oct 2011   #7

Microsoft Community Contributor Award Recipient


For the truly paranoid using a laptop or desktop you could also use a Live CD (like Ubuntu or some other flavor of Linux) and access your bank portal via the CD. Or you could have a virtual machine like VirtualBox or VMware Player to add an extra layer of security.
My System SpecsSystem Spec
23 Oct 2011   #8

Microsoft Community Contributor Award Recipient

Windows 7 x64

Running your browser in sandboxie is also an option.
And it's a lot less complicated than the above...
My System SpecsSystem Spec
23 Oct 2011   #9


It also depends on what kind of password system your bank has for its e-banking services. The tally sheet (where you already have the codes pre-written on a sheet and which you have to type in after entering your password; the sheet is handed to you by your bank) is considered unsafe and a thing of the past.

Then there's the m-tan system, where part of the code is sent to your mobile phone. Of course, you have to make sure that both your computer and mobile phone are bug-free...and If you do the whole e-banking procedure on your mobile phone, then the purpose of the m-tan method is defeated. I'm not sure whether m-tan is used all over the world, however.

And then there's also the USB flash drive method. A special USB drive is provided by your bank, and it already has a separate browser and e-banking system installed on the drive, that way the browsers on your computer are not used.

And, as Corazon said - always keep your OS and programs up-to-date and patched! Most banks indicate this in their e-banking instructions, I think.
My System SpecsSystem Spec
23 Oct 2011   #10

Win 7 Ultimate 64-bit. SP1.

Our worthy Governments recommendations to we plebs....

Handy hints to keep you safe while banking online

By taking some simple precautions, you can take an active role in reducing the chance of being a victim of scams. As well as following these simple tips, check with your bank to see what precautions they recommend. You might be surprised how easy it can be to improve your level of security.
Bank on a safe computer

  • Install and regularly update anti-virus, anti-spyware and firewall software on your computer.
  • Avoid using public computers or internet cafes. You never know who could be watching and a scammer may be able to retrieve your details from the computer after you have finished using it.
  • Always log out from your internet banking webpage when you have finished. Clear your browsing history.
Protect your personal details

  • Keep your banking information private—never tell your PIN or password to anyone.
  • Choose a secure password with both letters and numbers—avoid using any obvious giveaways such as your date of birth, part of your name, address or your pets. Change it regularly.
  • Do not use the same password for multiple purposes—make sure you have different passwords for accounts with different banks and the other internet sites you visit.
  • Do not just bin personal information and bank statements—destroy them first.
Secure your transactions

  • Use two factor authorisation. Many banks now offer you an extra way of 'authorising' online transactions that you make, such as security tokens that generate random numbers or SMS codes. Check to see what your bank offers.
  • Do not give out your personal, credit card or online account details over the phone unless you made the call and the phone number came from a trusted source.
  • Never send your personal, credit card or online account details through an email or while chatting online—someone could intercept your details.
  • Check your account statements regularly.
More -
Internet banking
My System SpecsSystem Spec

 Share your opinion about safety of online banking

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