Sure, the Web makes it simple to manage your money. It also makes your account easier to hack into. Here's a look at the risks and realities -- as well as 9 smart tips that can help you protect yourself.
Joe Lopez will never forget the day he checked his Bank of America account online and realized that more than $90,000 had vanished.
Months before, the Miami business owner had stopped making weekly visits to his local branch, opting instead to conduct his financial transactions entirely over the Internet.
"I absolutely thought it was safe," Lopez said. "And it was convenient."
What he didn't realize were the risks. A malicious virus had infected his computer and, in a matter of minutes, captured his user name and password -- allowing a hacker to transfer $90,348 to a rogue overseas account
Lopez got most of his money back months later, after a federal investigation and, eventually, a lawsuit. But his experience taught him the hard way, he says, what many experts have concluded: "Online banking is a danger."
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