But Internet banking also has its flip side. There are and will continue to be security concerns about banking over the Internet. Of course most banks have ensured that their Internet Banking services are offered on secure, encrypted sites. But scamsters always ensure that they come up with more and more innovative ways in which they can try to break into your Internet banking account. Phishing is just one such attempt, where miscreants try to steal your internet banking username and password, and then log in to your account to make withdrawals. But then again, the error in this case too is that of the trusting human nature, rather than the Internet Banking technology. In any case, all banks that offer Internet banking (and there are practically none that don’t!) provide guidelines on internet banking safety and common scams that you should steer clear of.

Full article: Bank Of America Online Banking