Quote Originally Posted by jc84 View Post
Wait...I think it get it now, in your scenario of the hacker hacking my online banking details and stealing my money, the hacker is played by this ebay seller, as he's the one that takes the money. I am still the victom because i've still had the money taken off with nothing in return. haha.

But in seriousness, banks don't cover cybertheft, thats why they have daily transfer limits, activation codes usually sent via sms if you want to add a new external transfer account, the fact that you can't change you phone number or postal address online. You need to go into a branch for that and show them ID.
So really the only way a hacker could transfer money anywhere but my usual external transfer account numbers (who would all happily refund the money) would be via Bpay....how many hackers are going to use bpay....
I.E there's enough security built into your online banking that you need not stay up late guarding your password and access code, rest easy my friend.

That is unless ofcourse you mean the hacker hacked into the bank and stole money, which wouldn't bother you either.
I do not know what the policy is for banks when it comes to cybertheft, I do know when someone else gets your credit card details and makes purchases with it your money gets reimbursed.

I do know activation codes for transfers 2 new accounts via sms is not fool proof and hackers have already worked around it

And there will never be enough security built into online banking, hackers / thieves are always one step in front