I Bond, iBonds, i-Bonds or Series I bonds.
- lcha
- Normxxx
- bamala
- Normxxx
- bamala
- lcha
- lcha
- Kirk
- be6
- bamala
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» lcha - Re: Reply #34
In response to Reply #34 posted by Kirk:I believe you will find most mutual funds and brokerages have this same policy should your account be used fraudulently. They might try to undo fraudulent transactions if caught in time and they are in a good mood but they are not under a legal obgligation too. Credit card fraud is capped at $50 of course.
There will probably be some major lawsuits in thius area in the future. For instance, if the only method of identifying an account holder in thru username and password, and these are known to be able to be compromised, is it not negligent that a company used only these attributed for identification? I believe it is. And companies are constantly urging customers to move transactions online, so they are aware they are urging customers to utilize a poor system of identification.
When I took defensive driving online, a popup would appear every now and then with a personal question that I had to answer correctly. They got the answer from the DMV database. Something like this would be a beneficial addition to just a username and password.
-- posted by lcha
» Normxxx - Re: Reply #34
In response to Reply #34 posted by Kirk:I was going blissfully along thinking bonds purchased through TD was a low risk investment!!
You and me both! You can't trust anyone these days! See my last post in the Identity theft thread. Even staying off-line won't help!
-- posted by Normxxx
» bamala - security keys
In 2000 I moved to Hong Kong and lived there for 2 years before moving to Beijing and now I'm back in the US and unhappy. Most Americans would be shocked to discover that most of the the developed Asian countries (Hong Kong, Singapore, Taiwan, Korea) have completely leap-frogged us. For instance, many Asian airports are brand new, for instance. In Hong Kong the Octupus card is a debit card and key card for entry into buildings and for pay as you go on the subway. That was six years ago. The smallest most impressive cell phones I've ever seen were in Korea. Etc...Ok -- so my point is that I had a bank account at HSBC in HK that issued me a key id device that creates one-time passwords for entry into your account. Some high-tech companies used to use these for entry into their networks via the internet. ETrade is the only bank/brokerage firm I've been able to find that issues them. They are free to customers, but you have to request it... Just go to etrade.com and search for "security" -- you will see the link for online security and the digital secure ID. I moved all my accounts into etrade because I have not been able to find this anywhere else so far. Not at Schwab, not at Vanguard, etc...
-- posted by bamala
» Normxxx - Re: security keys
In response to security keys posted by bamala:Why should we have secure systems in the U.S., when it is just as easy to stick it to the customer and Congress goes along with it?
I developed a secure all-software entry system in the '70s which is an order of magnitude better than anything used today, and just as easy to use.
But why bother, so long as only the customer and/or an insurance company gets ripped off?
-- posted by Normxxx
» bamala - Re: Re: security keys
In response to Re: security keys posted by Normxxx:I guess that's just it -- most other places in the world don't have implied 'safety nets'. But it's pretty clear that our nets aren't as good as advertised.
I was in New Zealand in Feb to look at maybe moving there. Saving rates are at around 7%. Unemployment is at about 3.4% and you can feel the inflation... new menus every 2-3 weeks, grocery items were re-marked up, and so on. I was ready to throw a huge chunk of change in the bank to take advantage of the savings rate -- then I discovered there is no FDIC-type insurance. If the bank goes under, too bad. Then a kiwi told me that it's not a problem because everyone has a mortgage with the bank they keep their savings in. I haven't quite figured out how that works but it seems to make people feel safe enough.
-- posted by bamala
» lcha - Re: Re: Re: security keys
In response to Re: Re: security keys posted by bamala:One of my biggest fears is a key logger getting thru my anti-spyware/anti-virus defenses and transmitting my login info. So, one step that I took several years ago was to use Roboform as a password manager. I LOVE this program for both it's form filling and password management features and it is one of the top 5 indespinsible programs I use daily. I believe using a password manager to log onto web sites is more secure because I do not have to type in my info that a key logger would detect. The password manager fills in the login info bypassing the keyboard. The password mnager is itself password protected as well.
Just a thought...
Congress is totally dropping the ball on the identity theft issue and is proposing bills that lean more towards protecting companies than consumers.
-- posted by lcha
» lcha - email to treasurydirect
I just sent this to the general web contact area:"Until today I have been rating your website excellent. However, I read an answer to an e-mail sent to you regarding identity theft and I am not happy. If it is true that if someone steals my login info and makes unauthorized transactions in my account that I have no recourse to get that rectified, then this website is NEGLIGENT in using the username/password system as the only means of verifying my identity. You are fully aware this simple system can be compromised by certain spyware and yet you use it and put the risk of compromise solely on myself. While I take numerous precautions to protect my identity, I am not Fort Knox. If you ARE placing the burden of identity theft risk directly on me, then I suggest you beef up your identification system with a more secure method of authentication. Thank you."
-- posted by lcha
» Kirk - Re: Re: Re: security keys
.In response to Re: Re: security keys posted by bamala:
Then a kiwi told me that it's not a problem because everyone has a mortgage with the bank they keep their savings in. I haven't quite figured out how that works but it seems to make people feel safe enough.
My mortgage is larger than the $100,000 FDIC limit... so if it was at the bank I had my account in and the bank "went under" then a court would simply subtract my savings account from the money I owed the bank and tell me to pay the rest back as planned or some deal like that.
It is not much good if you own your house outright... but that might mean you are unwise to ever pay off your home in Oz.
Good memory jog about the Keycards for codes! I had one of those to get online into HP a LONG time ago... Dialup modem and an 800 number for traveling... Of course, if the government gave a contract out for one of these, the dems or the repubs would blame the other side for something and it would end up costing 100x what it should.
-- posted by Kirk
» be6 - more malware
.. I'm guessing everyone here knows about the Sony music CD - with extras:http://yahoo.usatoday.com/money/industri...
-- posted by be6
» bamala - Re: Re: Re: Re: security keys
In response to Re: Re: Re: security keys posted by Kirk:My mortgage is larger than the $100,000 FDIC limit... so if it was at the bank I had my account in and the bank "went under" then a court would simply subtract my savings account from the money I owed the bank and tell me to pay the rest back as planned or some deal like that.
Yeah -- I considered that. But I think what might really happen is that the loans are sold as the bank liquidates. Now your loan is held at another institution intact and your savings is frozen until the the govt comes to the run or worse, a class action suit is settled. But I don't know how things go down down there.
And one last authentication note -- I concur on the use of RoboForm. I use it and it's great.
-- posted by bamala
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