you have an ATM card through which you can draw your money at any time. If you approach bank counter in their office hours and want to withdraw money as like old days, they will see you as worlds biggest fool.
Everyday lakhs of ATM cards details are going to wrong hand(s) and one day you will lose your own money. You will run to the Bank , but bank will not take the responsibility. Again they will see you as worlds greatest fool with some sympathy , "thats why we tell to change passwords" will be their statement
Details of your ATM card, which you can not see through your naked eye , but ATM machine can recognize when it is inserted into the ATM machine. This ATM machine will relay the details to a bigger computer system(server) and get acknowledge to proceed further. The process is no doubt fast.
Details of your ATM card can be leaked from the machine itself if suitable reader is installed. It can be leaked through the bigger server system if security program is not checked or updated. That can be seen and downloaded if suitable computer is installed by anyone who knows how to do that. There is a big market where this data can be sold out. A suitable duplicate card is made , this is called card cloning. Now the job is half done. Your pass word can also be known by the same procedure. You do not know which hidden camera is focusing what ? Pass word cracking is rather easy subject as banking system do not upgrade their security programming . Who want to spend extra for the p
oor customers when it is very easy to deny responsibility and passing the blame to other agencies. This is the case of mass scale theft , Now the whole system has been made such, it is nearly impossible to find out actual culprit.
What to do , going to bank counter and asking for money. Let them think happily you are a fool.
On online transactions, there is an agency or mediator with their computer program . More mediator means you do not know where your secret data is getting stored for future selling and for transaction.
The most dangerous part in totality no one or no agency is assuming responsibility and accountability and it is near to impossible to find the culprit as at every case it is beyond our country .
Everyday lakhs of ATM cards details are going to wrong hand(s) and one day you will lose your own money. You will run to the Bank , but bank will not take the responsibility. Again they will see you as worlds greatest fool with some sympathy , "thats why we tell to change passwords" will be their statement
Details of your ATM card, which you can not see through your naked eye , but ATM machine can recognize when it is inserted into the ATM machine. This ATM machine will relay the details to a bigger computer system(server) and get acknowledge to proceed further. The process is no doubt fast.
Details of your ATM card can be leaked from the machine itself if suitable reader is installed. It can be leaked through the bigger server system if security program is not checked or updated. That can be seen and downloaded if suitable computer is installed by anyone who knows how to do that. There is a big market where this data can be sold out. A suitable duplicate card is made , this is called card cloning. Now the job is half done. Your pass word can also be known by the same procedure. You do not know which hidden camera is focusing what ? Pass word cracking is rather easy subject as banking system do not upgrade their security programming . Who want to spend extra for the p
oor customers when it is very easy to deny responsibility and passing the blame to other agencies. This is the case of mass scale theft , Now the whole system has been made such, it is nearly impossible to find out actual culprit.
What to do , going to bank counter and asking for money. Let them think happily you are a fool.
On online transactions, there is an agency or mediator with their computer program . More mediator means you do not know where your secret data is getting stored for future selling and for transaction.
The most dangerous part in totality no one or no agency is assuming responsibility and accountability and it is near to impossible to find the culprit as at every case it is beyond our country .
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