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After Phishing Attempt, Wife Bans FBI Head From Online Banking

Don't feel bad if you've recently fallen for an e-mail scam. They're not always easy to identify. Just ask FBI Director Robert Mueller. Mueller received an e-mail from his bank asking him to verify some account information. After entering said information, Mueller says he realized that the e-mail was part of a phishing scam. According to CNET News, he immediately changed his passwords and breathed a sigh of relief.

The FBI chief avoided the wrath of phishers, but not his wife (video after the break). She nixed online banking in their household and said, "It is our money. No more Internet banking for you!" During a speech Wednesday in California, Mueller said that he'd tried to explain to his wife, promising that he'd learned his lesson and calling the near slip-up a "teachable moment." He was taught a lesson, alright, and one he should have learned long ago, at that. "If Mama ain't happy, ain't nobody happy." [From: CNET News]

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Web

More People Managing Their Finances Online, Survey Finds

If at all possible, we here at Switched avoid making trips to the bank; on the fun-meter, the visits rank right up there with going to the dentist. Long lines, annoying forms, and rude tellers waiting for us once we walk in the door tend to be the normal experience, and it appears we aren't the only folks that feel this way, either.

CNET News writes of a recent survey by the Gartner Group that found 47-percent of those surveyed within the United States conduct their banking business online. Preference for online banking isn't quite as strong across the Atlantic Ocean, though. In the United Kingdom, 30-percent of those surveyed said they handle their finances digitally. The survey also found that those with larger incomes were more likely to bank online.

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Computers

Computer Glitch Leaves Bank Customers Fuming, Ferrari-less


It's bad enough when your credit or debit card is rejected, but imagine if you tried to make a large purchase and were declined due to a computer glitch. That's what happened to customers of Barclays bank across southern England when a "faulty disc array" took out 1,500 ATMs along with phone and Internet banking services, altogether preventing merchants from processing purchases.

According to BBC News, Mark Taplin of High Wycombe was one of those haplessly caught in the middle of this embarrassment. While some were left borrowing a few dollars for lunch, or wondering why they couldn't access their plane ticket, Taplin was turned away while attempting to purchase his dream car -- a Ferrari. In an e-mail to BBC News, Taplin said, "Trust this to happen the only time in my life that I'm ever likely to buy a Ferrari. I'm not amused."

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Computers, Web

Court Busts Hacker Over $100,000-Stealing Trojan Horse

A man used hacking software to steal more than $100,000 from banking and brokerage accounts over a six-month period in 2007, according to Macworld. Alexey Mineev recently plead guilty to one count of money laundering in U.S. District Court.

Mineev stole account numbers and passwords from users with a Trojan horse, which can pose as anything from a security patch to a screensaver. Then, he wired the stolen money to accounts in Russia, sometimes moving as much as $10,000 at a time. Security experts told Macworld that it's difficult to recover money once it leaves the U.S. Two other men were charged along with Mineev in the hacking scheme but U.S. authorities cannot touch one of them, because he, like the money, is in Russia.

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Computers

As Economy Falters, Phishing and Spam E-Mail Scams Surge

As Economy Falters, Phishing and Spam Scams Surge
These are scary times for those with retirement savings tied to the markets. As things plunge faster and further than they have in years, many are crying recession and worse, while some others are seeing a boom. Many of those in the latter group are scammers, preying on people looking for answers to make a quick buck. Phishing attacks are surging now as people are being a little more emotional in their online banking habits, and a little less careful.

Phishing attacks -- essentially fake e-mails from familiar banks and other institutions masquerading as the real thing -- are on the rise, preying on people's panic about potential bank failures to get them to click through and enter their log-in details. Recent scam e-mails purporting to come from banks such as Chase and Washington Mutual are currently making the rounds.

Modern browsers like Firefox 3.0 and Internet Explorer 8 will warn you when you hit such bogus sites, but you can never be too careful. As always: Be wary of where you click, and if you're unsure that a given site is legit type in the URL to your bank by hand and log in from there. Think twice before reacting to some provocative e-mail subject line that's somehow related to protecting your financial assets, since those are precisely the sorts of phrases that are being used as bait by evildoing phishers. It's all too easy to fall prey to these tricks, so better to be safe than sorry. [From: USA Today]

Related Link:

12 Most Dangerous E-Mails

Computers

ID Theft Scarier Than Frustration

Online banking conveniences

While most online businesses these days focus on using new technologies and techniques to improve and streamline user experiences, a recent study shows that perhaps they should instead be spending their time working to make their users feel more secure. The study, whose results come courtesy of Authentify Inc. (a company that specializes in technology that allows online transactions to be safely verified by phone) shows that 78% of users polled would be in favor of using some sort of auxiliary real-time verification system...like a phone call.

Additionally, more than half of the respondents indicated that they weren't concerned about fraud in online banking so much as they were concerned about loss of private information and identity theft. This is in despite of recent statistics that show online fraud is on the rise and that you're just as likely to have your credit card cloned by your waiter as you are to suffer from identity theft.


So, what's the real danger, devious hackers stealing your precious infos, or online banking becoming as inconvenient as doing anything at a brick and mortar establishment?


From Business Wire

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