| Cyber crimes have been growing rampant nowadays | | | | the illicit transfer in a timely manner. In the case that a |
| from prostitution to identity thievery. Even as we | | | | user has multiple accounts from credit to business, |
| search criminal records, there are notable persons | | | | liability to the bank is only when the customer has he |
| who have done hacking on personal accounts from | | | | has a reasonable conducted with respect to security. |
| emails accounts to even bank accounts. | | | | The court will therefore determine who more at fault |
| Internet Crime Complaint Center releases a | | | | of the breach was. |
| background check report stating that about $559 | | | | Business accounts are also more prone to hackers |
| million were lost by Americans to Internet thieves last | | | | especially and is least protected by the law. Court |
| year. This was twice than the 2008 figure where $268 | | | | records have listed such cases of theft that if we |
| million were stolen. | | | | search criminal records there are definitely hundreds of |
| gave advice regarding cyber crime especially on how | | | | such listed per year. |
| to secure the consumer's interest. They first take note | | | | The Uniform commercial Code or UCC regulates the |
| on the most dangerous account taker. | | | | Business Accounts. They require banks to maintain a |
| The biggest threat to banking accounts would be | | | | commercial reasonable authentication security |
| Banking Trojan, a malicious code designed for banking | | | | procedure in any wire transfer. This is a background |
| fraud. These are invisible and can steal multiple data | | | | check whether breaches are caused by the |
| which includes the consumer's passwords. Advance | | | | consumer or the bank. In case the consumer is at fault |
| types of this virus can even make illicit transactions like | | | | the bank is not liable for the loss. |
| money transfers that can drain one's account | | | | To protect accounts, as shown in background check |
| completely. | | | | on hacked accounts, it is best know the safety |
| For those who wish to have a secure bank account | | | | procedures first before undergoing online transactions. |
| online passwords and other so called "layers" before | | | | Firstly opening it should only be accessed on one's |
| entering the account are very important. The more | | | | personal computer and not that which is shared; this |
| codes that are needed to be given before you can log | | | | also goes the same on the network used by the |
| in the better are the security of that account. There | | | | computer (the network should not be in public). |
| are even banking sites that ask for users to use a | | | | Computers should also have an updated anti-virus, anti |
| username for logging in. the key to a safer account is | | | | spyware, and firewall protection. Do background check |
| to have a password composed of letters and | | | | of statements to see if there is an irregularity that is |
| numbers as well. | | | | needs to be reported immediately. Lastly passwords |
| In the case that your account has been hacked | | | | should be strong (using combination of numbers and |
| remember to the general rule of consumers checking | | | | letters) and should not be the same for multiple |
| the savings: the bank is liable for most of the damage. | | | | accounts. Logging off after every session is a must as |
| This rule however is limited only to those who report | | | | well. |