Improving Netelller security measures

[MrMoo]

Two factor authentication is great. Sorry to say it's doubtful that Neteller will ever implement it. Any company that stores it's user's passwords unencrypted in a database and allows it's customer service agents to see them is beyond hopeless for ever being "secure".

[JAque]

There has been many claims of accounts that were hacked. I am sure some were trolls but there were some legit. The issue is that many people keep large amounts of money on these accounts. There was an example of a well known site providing an application that had a virus (without them knowing about it). Therefore, better security is needed. I wrote to Neteller already . I am curious what answer I will get.

JAque

[MrX]

I have an RSA SecurID card for access to patient data and images. It is great. I wish I had one for my banking.

MrX

[JAque]

How much is the card ?

JAque

[Jukep]

[ QUOTE ]
Is there a problem with Neteller Security?

Even if you had my account number, password and secure ID number, I would be notified if you tried to change my bank account info or email address.

[/ QUOTE ]

Yes, I'd say Neteller is pretty unsecure and I'm not comfortable keeping large amounts of money there.

One of the most common ways to steal someone's Neteller funds seems to be transferring them to some shady casino. This requires only the user's Neteller login and secure id, which Neteller sends to it's users in an email when opening their account. These emails are not that hard to come by for a hacker, as people keep their emails in some pretty unsafe webmail-systems like hotmail.

Onetime passwords would be a very welcome security feature, and would most likely put an end to most of Neteller's security problems.

[TheCutter]

Here in the Netherlands at my bank when I make a transaction I get a SMS with a code I need to enter online. Works great too.

[MrX]

[ QUOTE ]
How much is the card ?

JAque

[/ QUOTE ]

My company pays for it, I'll see if I can find out.