Join Date: Apr 2006
Thanked 176 Times in 173 Posts
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"Wondered if there were any extra concerns or fears using WiFi, Internet Cafes, etc doing banking transactions online?" By now I think all banks are using https (secured web pages) for online banking, so thelack of security and encryption over open WiFi connections is not as great. Some of the EU banks have gone one better by requiring the use of a security device with the account, like the RSA "timecards" used here in the US corporate world for many years.
Some banks also guarantee to cover any damages caused by online banking security (etc) failures--that's an important policy to look for.
I wouldn't do any online banking from someone else's computer, even the ones at an internet cafe. It is too easy for someone to put a keystroke recorder or other malware in the computer--even without the owner's knowledge--to capture your online password. And then, even if the bank guarantees to cover the losses, you'd have to prove it wasn't you. Messy.
IIRC there was a big arrest over this on the US east coast about 5 years ago, someone had snuck GoToMyPC or something like that on a large number of public-access computers at Kinkos locations, and forwarded banking information to himself. "Ooopsie".
The gizmos used in the EU would stop that, but US banks prefer to spread the cost as a loss to all customers.