Page 28 - Book4E

18
Security
Concern about having your personal financial information exposed on the Internet is not unfounded. Financial institutions and companies are aware of the potential danger and have taken steps to keep you protected. The single-password authentication used in most secure Internet shopping sites is not considered secure enough for personal online banking applications in many places. Online banking sites are advanced secure sites and all information, including your password, is encrypted so that it is nearly impossible for a third party to obtain or modify your information after it is sent.
This, however, does not completely rule out the possibility of hackers gaining access to vulnerable home computers and intercepting your password as you type it. There is also the danger of physical theft of passwords which are written down by users. Many online banking ser- vices, therefore, impose a second layer of security. One method is the use of transaction numbers, or TANs which are essentially single-use passwords. Another method uses two passwords, of which only random
Online Banking