As most of money in the world is digital anyways, Why can’t people fake transactions to a Bank account or just add one or two zeros to the balance? What makes online banking so safe that this doesnt work?
Most of even well guarded things have been hacked in the past, so i would imagine it’s at least possible?
In: Technology
99.9% of “hacking” is really identity theft.
Basically they walk up to the teller at your bank and pretend to be you. As “you” they order a **real** transaction sending your money to some other bank, usually one outside the US where law enforcement won’t cooperate.
Digitally or in-person it’s the same process. Someone drops their metaphorical wallet and the thief takes advantage. People aren’t going into the bank systems and arbitrarily changing account values to make money appear/disappear.
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