[Noisebridge-board] bank fraud on business accounts

[Jeffrey Malone]

Part of which Mitch did to prevent this was unlinking the overdraft
protection for the checking account to pull from the savings.

We don't keep all too much in the checking account, and we never use
the savings account for external transactions, so it's likely that
only three of us could even get the savings account number.

If someone has additional advice, I think we'd be interested.

I'm personally not afraid of a risk of trojans...  I think those of us
with bank account access are a bit more aware of preventing our
systems from being compromised, and how to observe phishing schemes.

Jeffrey

On Thu, Nov 5, 2009 at 5:10 PM, Andy Isaacson <adi at hexapodia.org> wrote:
> http://voices.washingtonpost.com/securityfix/2009/11/business_e-banking_and_the_6-f.html?wprss=securityfix
>
> The FDIC insures personal accounts up to $250k (iirc), but AIUI business
> accounts are not covered.
>
> We should probably take some precautions to ensure that we are not
> vulnerable to large losses in the case of electronic compromise.
>
> I'm not worried about targeted attacks -- we're hardly worth the effort
> -- but I am worried that we have business accounts with multiple large
> banking firms, so any trojans designed to scrape Wells Fargo passwords
> will catch us.
>
> -andy
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