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
maybe its different in a more modern country, but in my region, banks still do manual tally and regular checks.
so they compare between records. digital and physical. they even have a huge safe containing physical records.
when you do large transaction also requires approval from manual human being.
the digital system also supposedly follow banking security standard.
—
so the ELI5 probably: because hacker need to hack not only the digital records but also the physical records and also the humans. and the digital system itself is also very hardened from hacks.
Latest Answers