Should we trust Facebook with our bank account information?
Personally I don’t feel comfortable giving my banking information to a social media network. I definitely do not associate the word “secure” with Facebook. Fraud and scamming has become a huge part of the internet. I worry that my private information could be stolen and used by a scammer. I would not advise anyone to use this new application.
According to CyberheistNews:
“Facebook just announced a new feature that allows you to send money to a friend using your own debit card and your friend’s debit card, which of course are linked to both of your bank accounts. You need to attach your debit card to your Facebook messenger to send and receive money. Facebook claims this is all technically secure.
Well, Apple thought their Apple Pay was secure too, but fraudsters started making cash right away gaming the system. This new Facebook payment option could allow several kinds of scams. To start with, you have to be alert when you get emails that claim a Facebook friend has sent you money. Also, when a friend messages you and their account has been hacked, there is a criminal trying to scam you impersonating your friend. So, anything to do with Facebook Payments: Think Before You Click!”
Facebook released the following statement:
“These payment systems are kept in a secured environment that is separate from other parts of the Facebook network and that receive additional monitoring and control,” from an anti-fraud team.
I am still not convinced that Facebook is secure enough to know my bank account information. If I need to send my friend money I will do so the old fashioned way!