A Look At The Pitfalls In Online Banking
An Indiana woman says she has 26,500 reasons you should pay attention to what happened to her online bank account -- and don't let it happen to yours.More here.
"Nobody called me. Nobody ever questioned the transaction. And I only found out about it when I got my bank statement," Marci Shames-Yeakal told Target 5.
The transaction she referred to was $26,500 transferred from Shames-Yeakal's line of credit into her business account, then wired to Hawaii.
"They found out that the wire was sent to a bank in Hawaii, to an account in Hawaii, and then the next day, people went into that account and took the money and wired it out to Austria and it was gone," she said.
Gone for good.
Shames-Yeakal said she got that news in a letter from her bank, Citizens Financial Bank of Indiana and the south suburbs. Her Munster, Ind., branch told her that she had signed an agreement stating that the bank "will have no liability to you for any unauthorized payment of wire transfer using your password."
The same letter stated that the bank's "security procedures were commercially reasonable."
(Props, Flying Hamster.)
posted by Fergie @ 5/25/2007 01:48:00 PM
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