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
Short answer is an auditable paper trail of transactions. THAT BEING SAID, this is very possible. Most banks have a core banking sync that happens every day, technically if you can inject a transaction in that middleware it will go through with 0 verification. Can they catch you? yes but it’s a nightmare and unless the tranzaction is stupid in size and not just a rounding error for that day’s report you will likely get away with it. The problem, however, still remains – your leaving a trail of made-up money whenever you do this.
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