New security measures a pain or a blessing?

I never can keep my online banking active. I forget everything, as well, or we just phone when we want a balance. Usually I write all of my passwords down in a book, but somehow I always goof up with the bank one. Like you, no one would want my identity. They would steal it then give it back.

I completely agree with you. I think these security measures have become a pain for the common man. At every stage we have to undergo so much scrutiny and questioning that at times it is too frustrating. I mean security is important, but if you let the feeling of insecurity make the quality of life poor, then there is no point in having that security. I think the governments world over are using the T word to actually terrorize their own people in more ways than one!! Cheers! Ram

Hi, I guess all those security measures taken up specially by banks are must. I agree they are annoying at times but they are totally to keep your account and your money secure. As you say u dont have much to be stolen but even a single penny fraud in your account matters to the bank :) Right now banks have come up with some additional security questions for various actions performed like Money Transfer, Adding Third Party Members in your account etc each having a seperate list of questions. The best way in this case which I do is fill out the form and take a screenshot for the same and store it somewhere on ur machine. So when the next time the question pops up, your answer is ready with you :)

I think those are just the right thing to do and it would be of advantage both for the company and the customer. Many things around now can easily penetrate on private account of others, so this is just for your safety. Generally of course, they are thinking of their customers welfare. Let's not wait for someone to steal your privacy so i think you just have to be in it.

I think it is better to have securities measures specially when it comes to finance. Although it is annoying and really when you forget your security questions like stuff then it becomes hell but for the security of our money, these steps are necessary, I consider them just like injections or bad taste tablets in a disease, without taking those medicine we cannot recover. But these steps should be made easy and I think in my country these are very easy and I never found any difficulty in online or phone banking....:)

I agree that all the security sometimes seems to be more of a way to prevent a person from accessing their own online account information. My way of dealing with it is to write down in pencil in a little book that I keep, all the information that I will need to get through the site. I use pencil because if I drop the site, then I can easily erase all the old information, and reuse the space for new information to help me navigate my way through the security questions, and passwords, etc. Also, your comment about no one would want your information because it doesn't amount to much really is not a good way to look at things. The thieves want your name and social for their own purposes, not what your estimation of your total worth is. The value is in your "fresh" name and social security number. And I personally prefer the hassle of answering questions over having lets say an implant or fingerprinting, or some other more invasive option to my accessing my own information.

I'm glad they quit asking all questions that they could get off any grave marker when I go visit my parents' grave. Everyone in my small town of 500 people knows my Mother's maiden name. Most know her father's and my Father's parents' names, too. So now I have to remember what I put for the first job I had. Which first? As a teenager? Adult? Paid by check? paid by cash? First cat I had isn't too bad. That would be hard to get since the cat was in my parent's name when I was 10. My Father's middle name? Which one? My Mother's middle name? which one? I usually pick the one NOT on the grave stone. My parents each had two middle names and I'm the only one that knows the other one. Well, me and the passport service for the USA. What gets me is that hackers genreally get eveything off a site they want without all that. Less sophisticated idiots are the only ones we're protecting against.

I actually tend to think that these security measures are perfect. To get into our bank account I have to have our user id, our password and the answer to one of three different security questions. The security questions that we have are: In what city were you born? What is your best friend's name? and What was your high school mascot? In addition to that we have to change our password once every six months. We've never had our account breached in all the years that we've done online banking.

Security measures are taken to ensure our safety and make our lives better. they can be a nuisance at times. ifwe didn't have these security precaautions, we might have bigger problems than just being annoyed.