Practice Final

Recently, many people have been using online banking as one of the most convenient ways to buy clothing or make reservation of hotels. In some cases, online banking seems safe, but in some case, it is sometimes suspicious. There is a good benefit for us to use it. According to Robertson,C. (2006 para.1), “The Internet is like a central shopping mall, where you can find just about everything you might need- from groceries and clothing to collectibles and hard-to-find replacement parts”. On the other hand, there are bad aspects to using it. According to Mulrean,J. (2008 para.5), “Consumers’ biggest fear about shopping online was the possibility of having their credit-card numbers stolen”. In this way, they have both good points and bad points about it.

However, compared to good points, there are more dangerous points in online banking. Although it is true that many people use online banking in recent years, we have to be concerned about using it. I can divide into three points about how we should care about online banking.

First, we must not believe all of the online sites, because it is risky to buy products there without getting much information about them. Moreover, these online marchants sometimes provide us different products between pictures and real ones. To avoid it, we have to catch rumors from others who have gotten them before. If we try to do this, we can judge more accurately.

Second, we have to check our accounts after we get products from online. According to Ball, G. (2008), it is possible for others to steal our data from records that we use from our accounts because we don’t make sure of it carefully. It is easy for criminals to steal data or deceive customers to get extra money. We should realize this ourselves and check our account balance more carefully to avoid it.

Third, the government should regulate the law of online banking. As Robertson ,C writes, in 2004 in the United States, many customers who got products on the Internet were deceived and paid more than they need. It is true that it affected not only customers but also credit companies. If they don’t stop criminals, such incidents can be escalating more and more. The companies should be approved by the government if they want to sell their products on the Internet. If they do it, we can think that it is more safe.

In conclusion, online merchants are sometimes dangerous for us to get products from because we don’t know about them directly. Also, we should care about what our accounts charged after online banking and must not discard the receipts easily to avoid having our personal information stolen by others. Finally, government should restrict the range of online banking more strictly. If they can carry this out , companies can get a great reputation and we can believe that it’s not risky.

Reference
Robertson,Chris. (2006, January 3). Stay safe while shopping online. Majon International.

Retrieved May 5, 2008 from http://www.majon.com/articles/Shopping_-
General/shopping_online_126.html
Mulrean,J. (2008, March 12). Protect Yourself. MSN Money. Retrieved May 5, 2008
http://moneycentral.msn.com/content/Savinganddebt/Finddealsonline/P36487.asp
Ball,G. (2008, April 15). Is using a credit-card for online purchases safe? Education
Redefined. Retrieved May 5, 2008 from
http://www.bsu.edu/security/article/0,1384,86674-5031-17009,00.html