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Banks get Hacked: Is your money safe?
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akent35
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Join Date: Dec 2013
Location: Kent, Washington (Up in God's Country!)
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Aug 29, 2014, 01:45 PM
 
This is VERY, VERY disturbing:

http://finance.yahoo.com/blogs/hot-s...150739974.html

The story actually came out a couple of days ago, but it's so, so scary! Hopefully, one uses a password that is rather hard to guess at. Can't believe that some people use a password as simple as 1234!

Be careful out there!
     
Snow-i
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Join Date: Dec 2006
Location: Maryland
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Sep 1, 2014, 05:54 PM
 
Originally Posted by akent35 View Post
This is VERY, VERY disturbing:

http://finance.yahoo.com/blogs/hot-s...150739974.html

The story actually came out a couple of days ago, but it's so, so scary! Hopefully, one uses a password that is rather hard to guess at. Can't believe that some people use a password as simple as 1234!

Be careful out there!
My answer to the topic:

What money?
     
akent35  (op)
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Join Date: Dec 2013
Location: Kent, Washington (Up in God's Country!)
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Sep 1, 2014, 11:44 PM
 
Originally Posted by Snow-i View Post
My answer to the topic:

What money?
My answer: my money! Fortunately, it seems to be safe at the two large banks I use.
     
ghporter
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Join Date: Apr 2001
Location: San Antonio TX USA
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Sep 2, 2014, 07:06 AM
 
JP Morgan, Wells Fargo and a couple of others are more at risk than some other banks because they acquired a whole lot of "troubled" banks and loan companies. They didn't merge their computer systems well and the holes that wind up being exploited seem to be in either the older companies' less well maintained systems, or in the interfaces between the "big company" systems and the "small company" systems.

The whole structure of how some of these banks run since they took on all the other banks they bought or absorbed is why I changed banks several years ago. My bank isn't particularly "small," but it hasn't gobbled up failing banks and mortgage companies, and has instead invested in its infrastructure and wound up returning dividends to customers.

Glenn -----OTR/L, MOT, Tx
     
   
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