Quantcast How safe is doing bank transactions on a WIFI hotspot ?

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  1. #1
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    Default How safe is doing bank transactions on a WIFI hotspot ?

    Assuming you are connected directly to a legit spot and not indirectly via a hacker ...

    https:// connection is standard with all banks

    Is this less safe than your local Wifi connection at home ?

  2. #2
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    Default Re: How safe is doing bank transactions on a WIFI hotspot ?

    The SSL layer will protect you, but there are always prying eyes looking at you, and there is a possibility that someone is capturing all of the data that's going from your computer to the router (yes, it might be farfetched, but I always think the worst in public places). Unless absolutely necessary, I would not do any secure banking/buying/etc in a public place.

    Here's a tutorial for safe surfing at hotspots:

    http://www.wi-fiplanet.com/tutorials...le.php/3825266

    At first glance, it looks like pretty good info.
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  3. #3
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    Default Re: How safe is doing bank transactions on a WIFI hotspot ?

    Has anyone ever used this: http://www.anchorfree.com/downloads/hotspot-shield/

    It was a suggestion on that wi-fi link.
    It is not our job here to tell people how to run their computer. It is our job here to help people with their problems. They can run it how they want. If you don't want to help, then just don't post. It's our job to help people if we can. If not, spare everyone the smart remarks and the waste of space. It's ridiculous.

  4. #4
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    Default Re: How safe is doing bank transactions on a WIFI hotspot ?

    My personal opinion but I would NEVER do banking transactions at a public Wifi spot. Even though you might feel that the hotspot is legit, you never know and you have no idea of their network topology or who is watching/sniffing packets etcs. I would only do banking transactions on your own personal network and would do it wired rather than wireless. Even WPA protection was just broken recently and very quickly and easily(though it took the researchers some work on how to do it initially).

  5. #5
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    Default Re: How safe is doing bank transactions on a WIFI hotspot ?

    I don't know how safe it is but I would never take the risk because you could loose valuable information and you could end up losing thousands! Bank transaction should only be made from your own network,
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    Default Re: How safe is doing bank transactions on a WIFI hotspot ?

    I do it at my University all the time, but it's not exactly a public network because you need to log-on using Cisco Clean Access Agent.
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    Default Re: How safe is doing bank transactions on a WIFI hotspot ?

    It's probably not dangerous at all, but it's really unnecessary. I'm sure that you can find the time to complete transactions from your house or office - this way you won't have to run the risk of any third-party monitoring or computer hackers gaining your details. If you need to make a transaction from a public WiFi location, ensure that you've got good personal protection including a decent firewall (try Comodo if you don't already have one). Also, common sense would tell you that you should check out the WiFi spot prior to going online - make sure that there isn't an excessively large amount of people in the area. I know that you won't always be able to find everyone, but it's worth doing regardless.
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    Default Re: How safe is doing bank transactions on a WIFI hotspot ?

    WPA protection is not SSL, and it was not broken easily. In fact, WPA was not broken, but instead a vulnerability was discovered with TKIP, and by using AES a network is not vulnerable to the Tews/Beck flaw. Anyone using WPA2/AES has no reason to worry.

    In a public hotspot, where there is quite possibly no security protection at all, SSL will encrypt and protect all secure website processing.
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