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07-02-2018, 04:10 AM
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#1
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Recycles dryer sheets
Join Date: Feb 2018
Posts: 98
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Online banking safety.
My DW and I have recycled an older laptop with a clean install of Zorin OS (Linux) and use it exclusively for online banking.
If you don't already know, Linux (lots of versions) is a free open source operating system that is very secure and almost immune to virus and malware.
I know using a Mac or Iphone is also way more secure than Windows
I was curious what others do to protect themselves when doing online banking
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07-02-2018, 04:41 AM
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#2
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Recycles dryer sheets
Join Date: Dec 2012
Posts: 335
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I use a dedicated Chromebook for all things financial/healthcare related. Otherwise, it's turned off and on a shelf.
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07-02-2018, 04:51 AM
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#3
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Full time employment: Posting here.
Join Date: Jun 2018
Location: Brisbane
Posts: 855
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i disagree on Mac security , the original security was a legacy of the CPU , once they changed to Intel and ARM CPUs only the software differs and a top cracker attacks hardware flaws ( video chips CPUs memory controllers etc)
in fact a decent cracker will infect your router and just mirror all the data passing through it .. there is so much bloatware most wouldn't notice the data leakage on the internet bills
for curious crackers faking the printer , probably still works in this wireless age
__________________
i hold the Australian listed versions of AU ( Anglo Ashanti ) , BHP , and JHG .
You must learn from the mistakes of others. You can't possibly live long enough to make them all yourself.
Samuel Levenson
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07-02-2018, 05:07 AM
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#4
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2016
Location: Colorado
Posts: 8,971
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In almost 20 years of online banking I have never had a problem and I use just what the bank provides for security and my device resident spyware/malware. My credit card on the other hand has probably been hacked 10+ times in that same timeframe. So what should I be more afraid to use?
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07-02-2018, 05:08 AM
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#5
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Full time employment: Posting here.
Join Date: Jun 2018
Location: Brisbane
Posts: 855
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at one stage the local state police were suggesting a live CD/DVD operating system ( so no data is stored after you shut down
HOWEVER the talented bad guys started attacking routers and memory controllers and that changed the game once more
__________________
i hold the Australian listed versions of AU ( Anglo Ashanti ) , BHP , and JHG .
You must learn from the mistakes of others. You can't possibly live long enough to make them all yourself.
Samuel Levenson
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07-02-2018, 05:15 AM
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#6
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Full time employment: Posting here.
Join Date: Jun 2018
Location: Brisbane
Posts: 855
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COcheesehead,
i have no credit card or even activated plastic ( annoys crap out of the banks )
i also keep the bank balances low and since they pay little interest i may as well use the share trading accounts for most larger cash transfers when i need to
automatic deductions ?? NOT THIS LITTLE BLACK DUCK i have seen that go rogue as well
__________________
i hold the Australian listed versions of AU ( Anglo Ashanti ) , BHP , and JHG .
You must learn from the mistakes of others. You can't possibly live long enough to make them all yourself.
Samuel Levenson
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07-02-2018, 05:29 AM
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#7
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Dec 2008
Location: On a hill in the Pine Barrens
Posts: 9,724
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Quote:
Originally Posted by jjflyman
My DW and I have recycled an older laptop with a clean install of Zorin OS (Linux) and use it exclusively for online banking.
If you don't already know, Linux (lots of versions) is a free open source operating system that is very secure and almost immune to virus and malware.
I know using a Mac or Iphone is also way more secure than Windows
I was curious what others do to protect themselves when doing online banking
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To stay secure, I allow the PC and security software to install updates.
I check the router and other devices for updates.
I change passwords every 60 days, and only use randomly generated usernames and passwords.
I use multi-factor authentication.
And of course, I don't make assumptions that one device is inherently safer than another.
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07-02-2018, 06:05 AM
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#8
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2016
Location: Colorado
Posts: 8,971
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Quote:
Originally Posted by Oz investor
COcheesehead,
i have no credit card or even activated plastic ( annoys crap out of the banks )
i also keep the bank balances low and since they pay little interest i may as well use the share trading accounts for most larger cash transfers when i need to
automatic deductions ?? NOT THIS LITTLE BLACK DUCK i have seen that go rogue as well
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I use Billpay. No auto deductions.
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07-02-2018, 06:10 AM
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#9
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Thinks s/he gets paid by the post
Join Date: Sep 2006
Posts: 1,396
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I use Chrome OS (I have two Chromebooks and one Chromebox), I don't own a Windows computer anymore. I use 2 factor authentication for banking and investment accounts and for my gmail account. I don't respond to unsolicited emails or calls and I don't give out my personal information to anyone. I check my email everyday and I check my financial accounts regularly.
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07-02-2018, 06:15 AM
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#10
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Moderator Emeritus
Join Date: Sep 2007
Posts: 17,774
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I use a separate laptop wired to the modem, not wifi, for everything financial (it is a PC that wouldn’t connect wirelessly anyway when WIN8 first came out, so just coincidence there). I keep the now WIN10 updated. I don’t use it for much of anything else—I have a MacBook Pro that is my “real” computer.
__________________
“Would you like an adventure now, or would you like to have your tea first?” J.M. Barrie, Peter Pan
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07-02-2018, 06:18 AM
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#11
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2016
Location: Colorado
Posts: 8,971
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I also have email alerts set up for all my financial transactions.
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07-02-2018, 08:57 AM
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#12
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2017
Location: City
Posts: 10,351
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I never do financial transactions of any kind except on my own home and lake home networks. My phone and the tablet that I use on the road from time to time do not have and have never had any financially-related apps or information loaded on to them. The idea of doing banking or investments on one's phone just appalls me.
I also have this: " Schwab will cover 100% of any losses in any of your Schwab accounts due to unauthorized activity." Which is pretty neat. Details: https://www.schwab.com/public/schwab...guarantee.html
Given the competitive nature of the business, there are probably other companies offering similar protection.
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07-02-2018, 09:10 AM
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#13
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2016
Location: Colorado
Posts: 8,971
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Quote:
Originally Posted by OldShooter
I never do financial transactions of any kind except on my own home and lake home networks. My phone and the tablet that I use on the road from time to time do not have and have never had any financially-related apps or information loaded on to them. The idea of doing banking or investments on one's phone just appalls me.
I also have this: " Schwab will cover 100% of any losses in any of your Schwab accounts due to unauthorized activity." Which is pretty neat. Details: https://www.schwab.com/public/schwab...guarantee.html
Given the competitive nature of the business, there are probably other companies offering similar protection.
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Fidelity has the same.
"Fidelity will reimburse you for losses from unauthorized activity in covered accounts occurring through no fault of your own."
https://www.fidelity.com/security/cu...tion-guarantee
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07-02-2018, 09:14 AM
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#14
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Apr 2013
Posts: 11,078
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Quote:
Originally Posted by OldShooter
I never do financial transactions of any kind except on my own home and lake home networks. My phone and the tablet that I use on the road from time to time do not have and have never had any financially-related apps or information loaded on to them. The idea of doing banking or investments on one's phone just appalls me.
I also have this: " Schwab will cover 100% of any losses in any of your Schwab accounts due to unauthorized activity." Which is pretty neat. Details: https://www.schwab.com/public/schwab...guarantee.html
Given the competitive nature of the business, there are probably other companies offering similar protection.
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Fidelity, Vanguard, and Schwab are the only ones to my knowledge.
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07-02-2018, 09:18 AM
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#15
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2006
Location: Pacific latitude 20/49
Posts: 7,677
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I use a Win7 laptop and our own routers with custom long passwords for wifi. All four banks have custom long passwords. The 2 Mexican banks also have a separate token to access anything financial. So far no problems. Been online since 1992.
__________________
For the fun of it...Keith
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07-02-2018, 11:13 AM
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#16
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2008
Posts: 13,150
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I don't have a PC solely for bank transactions but think I follow safe computer use.
Long passwords, use anti-virus software, do malware scans, 2FA when possible.
__________________
Have you ever seen a headstone with these words
"If only I had spent more time at work" ... from "Busy Man" sung by Billy Ray Cyrus
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07-02-2018, 11:16 AM
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#17
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2013
Location: ATL --> Flyover Country
Posts: 6,649
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Two factor authorization for me on ALL financial accounts at ALL times. If it isn't available, I close the account. I also get text alerts for *any* financial transactions. Yes, some days I get a LOT of texts, but that's OK. Also, I have an account w/ the feds for my retirement account and am forced to change the PW every 45 days...I also change all my financial account passwords at the same time.
__________________
FIRE'd in 2014 @ 40 Years Old
Professional Retiree
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07-02-2018, 11:22 AM
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#18
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Recycles dryer sheets
Join Date: Sep 2015
Posts: 318
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Quote:
Originally Posted by Bestwifeever
I use a separate laptop wired to the modem, not wifi, for everything financial (it is a PC that wouldn’t connect wirelessly anyway when WIN8 first came out, so just coincidence there). I keep the now WIN10 updated. I don’t use it for much of anything else—I have a MacBook Pro that is my “real” computer.
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If you really are connected directly to the modem, that is a very unsafe setup, as explained here.
https://www.howtogeek.com/183439/ask...mputer-setups/
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07-02-2018, 11:29 AM
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#19
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Moderator Emeritus
Join Date: Jan 2007
Location: New Orleans
Posts: 47,501
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Quote:
Originally Posted by easysurfer
I don't have a PC solely for bank transactions but think I follow safe computer use.
Long passwords, use anti-virus software, do malware scans, 2FA when possible.
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+1
Ever the optimist, I am convinced that sometime within the next decade or so we will have a new and much more secure version of the internet available to us specifically for these transactions. With advances in facial and fingerprint recognition, and other technological advances, I suspect it could be done. We really need this.
Until then, I am doing what you are doing.
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
Happily retired since 2009, at age 61. Best years of my life by far!
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07-02-2018, 11:29 AM
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#20
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2013
Location: ATL --> Flyover Country
Posts: 6,649
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Quote:
Originally Posted by foxcreek9
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That's a pretty old article, especially in light of the recent highlights of how susceptible routers can be to hackers. Some of the stuff I have read (especially how they can replicate a page that is displayed to you, while doing nefarious stuff in the background without your knowledge) is down right scary.
I would guess that a lot of people don't know how to update firmware on their routers, making the problem even scarier.
A decent source for updated security issues can be found at https://krebsonsecurity.com/
Quote:
Originally Posted by W2R
+1
Ever the optimist, I am convinced that sometime within the next decade or so we will have a new and much more secure version of the internet available to us specifically for these transactions. With advances in facial and fingerprint recognition, and other technological advances, I suspect it could be done. We really need this.
Until then, I am doing what you are doing.
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In the Air Force, we were using our ID cards to log into the networks (used a chip and 6-8 digit PIN) and use most applications. We were using this as far back as 2011 that I can best remember. I am not sure why this hasn't really made it into the personal use arena. I suppose it's cost and trying to get so many players to participate.
__________________
FIRE'd in 2014 @ 40 Years Old
Professional Retiree
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