Sean Roach <roach_s@alph.swosu.edu> wrote in article <5bv7g8$fhl@life.ai.mit.edu>...

At 03:44 PM 1/17/97 -0600, Igor Chudov wrote:

It is limited, both accounts have to have the same password, (four character, numeric.) If I want to transfer funds from another persons account to one that I control, all I have to do is change the password on one of them to that of the other, transfer funds, and change the password back. By the time that my victim found out, (via the little letter "per your request, $xxx was transferred to accnt#123456 from accnt#7890"), I would be long gone.

Depending on the country and bank you can probably perform almost any transfer you like by fax. I moved my pension from one bank to another simply by sending a fax. I have done similar transactions with Swiss, German and UK banks. For some reason the fax is considered to be a practically infallible authentication device. Quite why is beyond me since it should be obvious to anyone that all one needs to fake a fax is a photocopier, document signed by account holder, paste and scissors. You get everything needed on a signed cheque. Phill.