iYogi Reviews: Dangers of Online Banking and E-Commerce

Though online banking has taken over to some extent these days, there are many times when that can go wrong. Online banking is opened up to virus threats that can infect systems. Likewise, there are data theft concerns. Hackers try to bust into bank systems every time to steal credit or debit card information, social security numbers, and other important information. Another huge concern online is credit card fraud. More and more users are being hacked by the people for their credit card numbers. These people then use the credit card number on E-Commerce sites, charging large amounts in the process. Do visit iYogi Reviews section on our website. Read more…

Here’s what a typical message looks like:

Sample E-mail 1-

From: Chase Online
Subject: Message Alerts : Online Banking Deactivated
To: ***
Date: Monday, January 17, 2011, 2:36 PM

Chase Bank Online® Department Notice
You have received this email because you or someone had used your account from different locations.
For security purpose, we are required to open an investigation into this matter.

In order to safeguard your account, we require that you confirm your banking details.
To help speed up this process, please access the following link so we can complete the verification of your Chase Online® Banking Account registration information :
To get started, please click the link below:
https://***/logon/sso_logon.jsp
Please Note:
If we do no receive the appropriate account verification within 48 hours, then we will assume this Chase Bank account is fraudulent and will be suspended. The purpose of this verification is to ensure that your bank account has not been fraudulently used and to combat the fraud from our community.

Regards,
Chase Bank - Chase Online® Banking Department

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Sample E-mail 2-

From: "ANZ Banking" Reply-To: "ANZ Banking"

ACCOUNT SUSPENSION

In an effort to protect your ANZ Banking account security, we have suspended your account until such time that it can be safely restored by you.

We have taken this action because your ANZ online account may have been compromised, Sometimes this happens when members respond to tropans,worms and other effected virus files. Although we cannot disclose our investigative procedures that led to this conclusion, Please know that we took this action in order to maintain the safety of your account.

To complete our activation process for your account restoring access,please click here: [Link removed]

Thank You.

Accounts Management As outlined in our User Agreement, Australia and New Zealand Banking Group Limited (ANZ) ® will periodically send you information about site changes and enhancements.

Visit our Privacy Policy and User Agreement if you have any questions.
ANZ Web Site Security and Privacy Statement

Do you want to know the drawbacks of online banking and e-commerce? iYogi Reviews the top 5 banking and e-commerce pitfalls that would help you to understand the threats it may cause. Such transactions can adversely affect the performance of your PC and can prolong the time taken for your daily computing tasks. If you have ever faced such kind of critical problem, then write to iYogi and share your experience with us. We look forward to publishing your story in order to help you resolve such issues in a better way.