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Resource ID: #16360
Subject: Banks
Source: NBC News Dateline
Affiliation: 
Date: Oct. 3, 1999

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Description

NBC News Dateline follows up a 1995 banking fraud story, and despite promises of banking reforms, "We returned to the same banks we had visited five years earlier. At five out of six banks we had no trouble opening fake accounts using fake ID. We also signed checks with names like Bugs Bunny and Porky Pig... They all went through." Dateline added "a comprehensive look at the safety of on-line banking... banks told us no major theft had occurred... Dateline found hundreds of cases where it's believed Trojan horse programs have pilfered records, stolen data and erased hard drives - we showed how easy it is to steal person accounts from someone's bank...."

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