Comments on: The safest bank in America – ING Direct http://christianpf.com/ing-banking-is-the-safest/ Christian Personal Finance - Financial help blog, debt help and other financial resources Tue, 14 Feb 2012 21:22:01 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: DIVINE WELFARE PROGRAM http://christianpf.com/ing-banking-is-the-safest/comment-page-1/#comment-4060 DIVINE WELFARE PROGRAM Mon, 19 May 2008 15:51:48 +0000 http://christianpf.com/ing-banking-is-the-safest/#comment-4060 We are achristian financial institution and it was founded due to the great demand which was facing the people around us . We are in aplace called Iganga in the nation of Uganda and in this place many most of the people are living under the povery line that some can not even earn 1dollar aweek. So we begun this by saving money our selves and borrow those who want to do some small business and they return it with someinterest but due to the great demand the capital we have can not do much so pleasewe request you to stand with us or connect us to some people who can help us in this matter. we willbe very grateful if our request is considered posively. waiting to hear from you soon. YOURS PASTOR KYAKULAGA DAVID We are achristian financial institution and it was founded due to the great demand which was facing the people around us .
We are in aplace called Iganga in the nation of Uganda and in this place many most of the people are living under the povery line that some can not even earn 1dollar aweek.
So we begun this by saving money our selves and borrow those who want to do some small business and they return it with someinterest but due to the great demand the capital we have can not do much so pleasewe request you to stand with us or connect us to some people who can help us in this matter.
we willbe very grateful if our request is considered posively.
waiting to hear from you soon.
YOURS
PASTOR KYAKULAGA DAVID

]]> By: Online Targeted Savings Accounts at ING Direct | Frugal Dad http://christianpf.com/ing-banking-is-the-safest/comment-page-1/#comment-3695 Online Targeted Savings Accounts at ING Direct | Frugal Dad Fri, 18 Apr 2008 11:02:30 +0000 http://christianpf.com/ing-banking-is-the-safest/#comment-3695 [...] questions were asked including name, address, ssn, etc. ING Direct was recently rated as the most secure online institution and it showed. The series of security questions were unique and enough to make identity theft [...] [...] questions were asked including name, address, ssn, etc. ING Direct was recently rated as the most secure online institution and it showed. The series of security questions were unique and enough to make identity theft [...]

]]> By: Why we love using ING Direct | Sense to Save http://christianpf.com/ing-banking-is-the-safest/comment-page-1/#comment-3119 Why we love using ING Direct | Sense to Save Wed, 12 Mar 2008 18:09:02 +0000 http://christianpf.com/ing-banking-is-the-safest/#comment-3119 [...] out this post at Christian Personal Finance to learn [...] [...] out this post at Christian Personal Finance to learn [...]

]]> By: Mrs. Rocket http://christianpf.com/ing-banking-is-the-safest/comment-page-1/#comment-3018 Mrs. Rocket Wed, 05 Mar 2008 20:02:18 +0000 http://christianpf.com/ing-banking-is-the-safest/#comment-3018 We love our ING accounts, and have accounts set up for all of our kids too. Many bonuses from them....:-) It is very nice to know that they are well-protected. Thanks for sharing! We love our ING accounts, and have accounts set up for all of our kids too. Many bonuses from them….:-) It is very nice to know that they are well-protected. Thanks for sharing!

]]> By: Corey http://christianpf.com/ing-banking-is-the-safest/comment-page-1/#comment-2987 Corey Tue, 04 Mar 2008 04:07:32 +0000 http://christianpf.com/ing-banking-is-the-safest/#comment-2987 Excellent point re: the chart. I spoke too soon and stand corrected. :) Excellent point re: the chart. I spoke too soon and stand corrected. :)

]]> By: bob http://christianpf.com/ing-banking-is-the-safest/comment-page-1/#comment-2986 bob Tue, 04 Mar 2008 03:56:42 +0000 http://christianpf.com/ing-banking-is-the-safest/#comment-2986 Corey, Thanks for digging into that so much - I appreciate that you are trying to clarify, It is better to be safe than sorry... I must admit I didn't read the whole study that was done - it was very large!! But, I was under the impression that the above chart shows the average number of incidents per billions of dollars on deposit, therefore leveling the playing field between the bigger banks and the smaller ones. That was why I picked that chart to use, because like you mentioned it would unfair to the larger banks - of course they would have more incidents since they have more customers. Corey,
Thanks for digging into that so much – I appreciate that you are trying to clarify, It is better to be safe than sorry… I must admit I didn’t read the whole study that was done – it was very large!! But, I was under the impression that the above chart shows the average number of incidents per billions of dollars on deposit, therefore leveling the playing field between the bigger banks and the smaller ones. That was why I picked that chart to use, because like you mentioned it would unfair to the larger banks – of course they would have more incidents since they have more customers.

]]> By: Corey http://christianpf.com/ing-banking-is-the-safest/comment-page-1/#comment-2984 Corey Mon, 03 Mar 2008 23:36:28 +0000 http://christianpf.com/ing-banking-is-the-safest/#comment-2984 I should clarify that the quote I provided from page nine is referring to a different chart, which documents the percentage of total identity theft complaints registered by the FTC, and not the chart shown in this post. I would still be curious to know what the percentage of incidents vs. customers is for all of these banks, though, and see how Bank of America and HSBC would fare. I should clarify that the quote I provided from page nine is referring to a different chart, which documents the percentage of total identity theft complaints registered by the FTC, and not the chart shown in this post.

I would still be curious to know what the percentage of incidents vs. customers is for all of these banks, though, and see how Bank of America and HSBC would fare.

]]> By: Corey http://christianpf.com/ing-banking-is-the-safest/comment-page-1/#comment-2983 Corey Mon, 03 Mar 2008 23:28:56 +0000 http://christianpf.com/ing-banking-is-the-safest/#comment-2983 Hi! It may be true that ING Direct provides the safest online banking experience, but I believe your interpretation of the study casts Bank of America and other large banks in an unfair light. The chart in your post shows incidents in absolute numbers, not as a percentage of total customers or total deposits. In fact, the original study you linked to states on page 9: "Bank of America ranks highest in total number of events. Given that this institution is the largest among US banks for deposits, and the resulting concentration of attacks against it by impostors, it is not surprising that it ranks so highly in overall events." Furthermore, the study does not distinguish identity theft that occurred by attacking the web site versus other forms of attack, such as in a branch, at an ATM or point-of-sale with a stolen debit card, or over the phone. Ultimately, Bank of America online banking has several security features going for it: - SSL/HTTPS for encrypted access - Customized "SiteKey" login to protect against phishing attacks - Optional one-time codes sent as text messages - 0% liability for fraudulent activity Don't get me wrong; ING Direct is great, but Bank of America isn't so bad either. Thanks for sharing this study with us! Hi! It may be true that ING Direct provides the safest online banking experience, but I believe your interpretation of the study casts Bank of America and other large banks in an unfair light.

The chart in your post shows incidents in absolute numbers, not as a percentage of total customers or total deposits. In fact, the original study you linked to states on page 9:

“Bank of America ranks highest in total number of events. Given that this institution is the largest among US banks for deposits, and the resulting concentration of attacks against it by impostors, it is not surprising that it ranks so highly in overall events.”

Furthermore, the study does not distinguish identity theft that occurred by attacking the web site versus other forms of attack, such as in a branch, at an ATM or point-of-sale with a stolen debit card, or over the phone.

Ultimately, Bank of America online banking has several security features going for it:
– SSL/HTTPS for encrypted access
– Customized “SiteKey” login to protect against phishing attacks
– Optional one-time codes sent as text messages
– 0% liability for fraudulent activity

Don’t get me wrong; ING Direct is great, but Bank of America isn’t so bad either.

Thanks for sharing this study with us!

]]> By: bob http://christianpf.com/ing-banking-is-the-safest/comment-page-1/#comment-2976 bob Mon, 03 Mar 2008 18:17:47 +0000 http://christianpf.com/ing-banking-is-the-safest/#comment-2976 I do a lot with ING currently, but it has made me consider moving a bit more of my banking over to ING... I do a lot with ING currently, but it has made me consider moving a bit more of my banking over to ING…

]]> By: Tristan http://christianpf.com/ing-banking-is-the-safest/comment-page-1/#comment-2974 Tristan Mon, 03 Mar 2008 16:58:38 +0000 http://christianpf.com/ing-banking-is-the-safest/#comment-2974 Thanks for the post! This is great info. I've been the victim of identity theft before (through Commerce Bank here in St. Louis), and it's not fun! I'm glad I use ING for some of my banking...I may consider moving all of my funds to ING now. Thanks for the post! This is great info. I’ve been the victim of identity theft before (through Commerce Bank here in St. Louis), and it’s not fun! I’m glad I use ING for some of my banking…I may consider moving all of my funds to ING now.

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