Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
The number of views and comments to this post suggest an attitude of "big whoop" but I'm guessing that only extends up to the point where it becomes one's personal account that is being hacked. Stay tuned, my gut says that it's only a matter of time.
No place is immune. But the possibility of this kind of theft is one reason why our money is in a CREDIT UNION, rather than a bank. And I won't entrust my money with the criminal Big Banksters, anyhow. We use two credit unions, in fact.
Some of the big banks have notifications either by email or text message whenever any change occurs to your account. That is not a bad idea but the smaller institutions will not have the resources to put that into effect. Of course that is after the horse has fled the barn but better than nothing.
A person might have more security on their Yahoo email than these banks do.
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A person might have more security on their Yahoo email than these banks do.