Online Banking Grows, But Security Concerns Continue to Accrue

This all doesn’t mean that online banking isn’t safe if done correctly — both by the institution and the customer. The writer points out that online banking is growing. Both the perception and the reality is that safety is improving and, for this reason, crackers are beginning to target smaller and less sophisticated institutions. Indeed, it’s possible to argue that online banking is safer than physical banking. The lion’s share of financial fraud is done in the real world and, even if online theft is attempted, alerts are sounded quicker and loss is less than off-line theft.