Tech Current Event

Topic:People Hacking Into Online Banks

Hacking Into Bank Accounts. Is It The Banks Responsibility? 

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Summary:

Nowadays people use online services to do banking. It is fast, easy, and your money is safe. Well not so much. Things you should know about online banking is that it is easy for people to hack into your account. It is as easy as one, two, three. As of right now, Wells Fargo is the latest bank to be hacked into. Making sure that your password for your bank account is something that will keep your money safe, yes, your password is what your money rides on. Sometimes though, hackers don't need a password, that's right, they don't need a password. Lots of hackers break through the firewall and there goes your money. The question is whether the bank can be held responsible. Truth is, you are responsible for keeping your passwords, and keeping your money. If you don't feel safe using online banking, just use your local teller, it's that easy. “You are responsible for keeping your password, account numbers, personal identification information and other account information confidential. You are also responsible for using a compatible web browser that has a high security standard. The Bank is not responsible for customer errors or negligent use of Online Banking and will not be liable for losses due to negligent handling or sharing of passwords or leaving your computer unattended during access. The Bank will not be liable if you, or anyone you allow, commits any fraud or violates any law or regulation, or if you have not properly followed the instructions using Online Banking.” (Norman) Website For This Quote: Quotes Website

Reaction:    

This affects me because I have a bank account with Wells Fargo. My account is used for gathering interest. My mother put in 2,000 dollars when I was born to gather interest so I could go to college. If someone hacked into my account, I wouldn't be able to go to college. It makes me stress sometimes knowing that someone somewhere has this evil thought on their mind. Losing my college money would devastate me.

World Impact:

This impacts the world because people are losing their money fast. Times are tough nowadays. People are losing their money left and right. In this economy people can't afford to lose their money. People are making a huge deal out of it. It is happening almost all the time. If this doesn't stop, we will just simply go broke.

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