Is Switzerland - UBS online hack proof ?
If you have a Swiss bank account , you are always given an impression that your account is safe . I agree it is safe from those phishing , online monitoring ,
keystroke captures . However this is not the hack proof system from the experts . Hope you know that JP Morgan , Stanlley Banks have been hacked recently .
Let me explain
When you Log-In to your Swiss UBS account .
First You provide your contract Number to the UBS banking system . Then it will pop up a numbers to key in to those your personal device .
Second , you enter the password to your designated machine and you will enter the code generated by the machine the numbers provided by the Switzerland UBS online system
Third UBS will compare the code you have provided by you and the code generated by it.
Forth It will verify whether it is correct or not . OK
Here the catch