Author Topic: interac e-transfers  (Read 235 times)

Offline fox

  • Posting Member
  • Hero Member
  • *
  • Posts: 1255
  • Karma: +3/-0
    • View Profile
interac e-transfers
« on: September 30, 2019, 07:37:04 am »
This is a topic we have gotten into in several PLUG MUGs. I have always been wary of any kind of e-banking, and interac money transfers is one of them. Convenient, yes, and I have used them occasionally. But it is now coming out that the system is easy to hack, and lots of people in Canada have lost money to fraudsters as a result. (Read this story. The article suggests that the safest transfers are from one bank to another, and that's the system they have in most western countries.

Ubuntu 19.10 and openSUSE Leap on 2011 iMac
Linux Mint Cinnamon 19.2 on "late 2015" 5k iMac
Ubuntu 19.10 and 18.04 on Dell XPS 13 2 in 1

Offline ssfc72

  • Posting Member
  • Hero Member
  • *
  • Posts: 1040
  • Karma: +0/-0
    • View Profile
Re: interac e-transfers
« Reply #1 on: September 30, 2019, 09:11:26 am »
Thanks for the link to the article Mike.
At the bottom of the article are some e-transfer tips.  I certainly agree with the one that advises to avoid using baking apps on your cell phone.
Mint 18.3 on an HP Pavilion X360, 11" k120ca notebook
Tried Mint 19, but too many bugs. Went back to Mint 18.3
Cellphone ZTE Axon 7 Mini, PCMobile pay as you go

Offline Jason Wallwork

  • President
  • Administrator
  • Hero Member
  • *****
  • Posts: 2167
  • Karma: +5/-0
    • View Profile
Re: interac e-transfers
« Reply #2 on: September 30, 2019, 05:47:53 pm »
It's not that the service is being hacked. It's that people are using weak security questions and/or no pass codes on their phones. In other words, PEBKAC. You can't protect people from intentioned ignorance.

Where I think the banks are at fault is in saying the etransfers are protected against fraud but burying in the fine print that they aren't if you don't take appropriate security and not investigating the cases where it happens. 2FA would also be a great defense and should be an available option at all banks.
Primary: Dell Desktop i5 - 3.2 GHz w/ Kubuntu 19.04 / Win 10 Pro
Secondary/Test:  Toshiba i3 - 1.4 GHz w/ Windows 10 Pro and Linux Du Jour (Ubuntu 19.10 right now)
Sony Xperia XA1 Ultra ( Android 8 ) on Freedom
Huawei MediaPad T3 10 ( Android 7 ) on Virgin