Memorial day weekend for the last two years our bank system was destroyed..Went to ATM and "refused"? Why there's plenty in there????? First year it took4 days to repair and get funds,they said lightening....second year same weekend exuse was unknown.There was an article on AOL news of hackers hitting ATM's across the nation. Now our credit union has split up cards,ATM,Debit,Credit all seperate cards...Makes you wonder how much risk there is with the internet connectionand banking..... Any one else experienced banking irregularity's?
I've been using online banking and using credit cards for online purchases for the better part of 15 years, and (knock on wood) I've never had a problem. Sounds to me like the problem is with your CU, not "internet connectionand banking" (sic)
internet safe? Last nite on 60 minutes they showed how hackers driving thru malls with a lap top and a hacker program reading cc info from their cars.(the featured hackers have not been caught) After our CU hacking episode we saw on AOL news a bit on hackers breaching an atm network...(next day). We have been dealing with experts on an banking glitch....They all say not IF but when we will be attacked on line. Ever sit down and concider the web connection to our lives? Most everythings..Computerized...and the web.
Sounds like these hackers were illegally tapping into the merchant's internal network and grabbing the packets traveling between the merchant's POS computer and internal server or router. If the merchants installed wireless hardware for their POS systems and were running them unsecure and without any encryption, that's not the fault of the credit union. Beyond this, there are still several other entities in the link before it ever gets to the CU, including whomever the company is that the merchant uses for their merchant account (to accept the credit card transactions). The situation as explained in your post has nothing to do with the security of the CU. It's a poorly implemented and unsecured wireless access point at the store.
hackers My report of 60 minutes left out a few details you brought to mind. There are merchant protection programs as you speak. The problem was merchants knowing the old system had been hacked into so much that it was generally known to be of little value. Some merchants knowing this were still installing it. They did show newer progams also being used. How accurate their protrayal of access might have been oversimplfied . As far as our credit union and their desire to better protection , they are installing a new program and better protection in the next week. They have never admitted being hacked into. However they are taking action to protect their customers and give better service.
Yes, no1healey, that was my point. The weaknesses in the system(s) that the hackers were able to exploit were NOT weaknesses in the CU's system - they were weaknesses in the systems that the retailers and merchants used to glue things together well before the transaction got to the CU.
