Online investors must protect their passwords as part of their investment
There is a report: Hackers emptying online accounts (refer: http://money.cnn.com/2005/11/07/technology/personaltech/hackers/index.htm
It said that about 20 million USD has been stolen from online brokerage accounts in 2004 due to hackers getting the passwords from investors' home PC. With over 80% users will keep their personal data including password in the home PC, this type of crime will increase.
With a few dollars, even as low as USD one in my One Dollar Software House, can offer certain level of protection. In view of the present situation, I do believe that my custom produced version is a necessity, especially when users are handling their investment online.
As everyone knows, every encryption can be cracked and every program can be re-engineered. By employing a single strong protection is not safe today. We must have a well-structured arrangement to avoid such kind of loss. Without proper protection, investment would be easily turned into total loss.
Those investors who suffered loss in this case may not be hurt seriously, as they might not put everything in one online investment account. But if we count on the cost of providing protection with the stolen amount of money, it seems that they have made a very wrong decision or failed to take care of their sensitive information until it was too late.
There is something I learnt that if you lost for the first time, then it should not be your fault. But if the same thing happened again, then you should blame no one but yourself. That means before going on the online investment, investors must do something right to avoid this sad thing to happen again.
There is a report: Hackers emptying online accounts (refer: http://money.cnn.com/2005/11/07/technology/personaltech/hackers/index.htm
It said that about 20 million USD has been stolen from online brokerage accounts in 2004 due to hackers getting the passwords from investors' home PC. With over 80% users will keep their personal data including password in the home PC, this type of crime will increase.
With a few dollars, even as low as USD one in my One Dollar Software House, can offer certain level of protection. In view of the present situation, I do believe that my custom produced version is a necessity, especially when users are handling their investment online.
As everyone knows, every encryption can be cracked and every program can be re-engineered. By employing a single strong protection is not safe today. We must have a well-structured arrangement to avoid such kind of loss. Without proper protection, investment would be easily turned into total loss.
Those investors who suffered loss in this case may not be hurt seriously, as they might not put everything in one online investment account. But if we count on the cost of providing protection with the stolen amount of money, it seems that they have made a very wrong decision or failed to take care of their sensitive information until it was too late.
There is something I learnt that if you lost for the first time, then it should not be your fault. But if the same thing happened again, then you should blame no one but yourself. That means before going on the online investment, investors must do something right to avoid this sad thing to happen again.
posted by F. H. Tong at 11:46 PM
0 Comments:
Post a Comment
<< Home