Threats with Online Banking

Posted by Jennifer Underwood
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Tens of millions of people now do their banking, pay their bills and trade stocks online. Banks and other financial institutions have spent large sums of money to protect your information on their computers. And they generally do a good job of keeping your personal information secured on their systems. They tell you that you are safe. But the real question is, can an Internet intruder get to your banking information through your personal computer? Who is keeping hackers from getting your online banking usernames and passwords from your own PC? Passwords for online banking accounts and stock trading accounts are easily cracked if a hacker gets onto your computer.

Even novice hackers can quickly dismantle your entire financial lifeif you aren't prepared. Managing your money online is incredibly convenient and can be very safe, if you take the proper precautions to secure your system. You generally don't have to worry about whether your bank is protecting your private information - you need to worry about thieves getting to your financial accounts through your own computer!