--- title: "Meaning & Key Takeaway of: I trust online banking. You know why?…" description: "\"I trust online banking. You know why? Because if somebody hacks into my account and defrauds my credit card company, or my online bank account, guess w..." image: "https://sms4smile.com/quotes/i/363/kevin-mitnick-3026_bank_i-trust-online-banking-you-know-why-beca_1749583.png" --- # I trust online banking. You know why? Because if somebody… ![“I trust online banking. You know why? Because if somebody hacks into my account and defrauds my credit card company, or my online bank account, guess who takes the loss? The bank, not me.” quote by Kevin Mitnick](https://sms4smile.com/quotes/i/363/kevin-mitnick-3026_bank_i-trust-online-banking-you-know-why-beca_1749583.png) [Download](https://sms4smile.com/quotes/i/363/kevin-mitnick-3026_bank_i-trust-online-banking-you-know-why-beca_1749583.png) [Open image](https://sms4smile.com/quotes/i/363/kevin-mitnick-3026_bank_i-trust-online-banking-you-know-why-beca_1749583.png) > “I trust online banking. You know why? Because if somebody hacks into my account and defrauds my credit card company, or my online bank account, guess who takes the loss? The bank, not me.” [Kevin Mitnick](https://sms4smile.com/quotes/author/kevin-mitnick/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Banks absorb financial loss from fraud, protecting consumers. **In simple terms:** Banks take the loss, not you. Key Takeaway Rely on institutions for protection. Themes trust security financial risk Mood skeptical informed Type advice cautionary When to use this quote - online banking - credit card use - fraud prevention - insurance policies Key Concepts banking cybersecurity consumer protection Questions to Reflect On - Do you truly trust banks? - How can you verify their protection? A Different Perspective Banks may shift risk to customers later. ★ ★ ★ ★ ★ No ratings yet [Account Defrauds](https://sms4smile.com/quotes/about/account-defrauds-1594962/) [Bank](https://sms4smile.com/quotes/about/bank/) [Bank account](https://sms4smile.com/quotes/about/bank-account/) [Banking](https://sms4smile.com/quotes/about/banking/) [Business](https://sms4smile.com/quotes/about/business/) [Company](https://sms4smile.com/quotes/about/company/) [Credit](https://sms4smile.com/quotes/about/credit/) [Credit card](https://sms4smile.com/quotes/about/credit-card/) [Loss](https://sms4smile.com/quotes/about/loss/) [Online](https://sms4smile.com/quotes/about/online/) [Online Bank](https://sms4smile.com/quotes/about/online-bank-336870/) [Online Banking](https://sms4smile.com/quotes/about/online-banking-370666/) [Trust](https://sms4smile.com/quotes/about/trust/) [Trust Online](https://sms4smile.com/quotes/about/trust-online-1594963/) [Why](https://sms4smile.com/quotes/about/why/) ## Related quotes > [If you like internet jokes, you should see my online bank account.](https://sms4smile.com/quotes/nikhil-saluja/if-you-like-internet-jokes-you-should-see-my-online-bank-account/) [Nikhil Saluja](https://sms4smile.com/quotes/author/nikhil-saluja/) > [It's not that I have any general aversion to technology but online banking just seems to be asking for trouble. You can have enough…](https://sms4smile.com/quotes/david-essex/it-s-not-that-i-have-any-general-aversion-to-technology-but-online/) [David Essex](https://sms4smile.com/quotes/author/david-essex/) > [The advantage of online banking is that you can pay bills superfast, and your account is automatically credited or debited for each deposit and…](https://sms4smile.com/quotes/suze-orman/the-advantage-of-online-banking-is-that-you-can-pay-bills-superfast/) [Suze Orman](https://sms4smile.com/quotes/author/suze-orman/) > [Trust me, I do not have an online strategy.](https://sms4smile.com/quotes/lewis-capaldi/trust-me-i-do-not-have-an-online-strategy/) [Lewis Capaldi](https://sms4smile.com/quotes/author/lewis-capaldi/) > [Once I taught him how to operate an online bank account, my father began handling transactions for my foundation-related activities.](https://sms4smile.com/quotes/pranitha-subhash/once-i-taught-him-how-to-operate-an-online-bank-account-my-father/) [Pranitha Subhash](https://sms4smile.com/quotes/author/pranitha-subhash/) > [Make the most of online banking to make your life easier and keep your finances organized. Online banking is great because it offers quick,…](https://sms4smile.com/quotes/alexa-von-tobel/make-the-most-of-online-banking-to-make-your-life-easier-and-keep/) [Alexa Von Tobel](https://sms4smile.com/quotes/author/alexa-von-tobel/) > [ARISTOCRACY, n. Government by the best men. (In this sense the word is obsolete; so is that kind of government.) Fellows that wear downy…](https://sms4smile.com/quotes/ambrose-bierce/aristocracy-n-government-by-the-best-men-in-this-sense-the-word-is/) [Ambrose Bierce](https://sms4smile.com/quotes/author/ambrose-bierce/) > [As a joke, I would love to stand in line at ATM machines, and when people put in their PIN, I yell Got it!…](https://sms4smile.com/quotes/hussein-nishah/as-a-joke-i-would-love-to-stand-in-line-at-atm-machines-and-when/) [Hussein Nishah](https://sms4smile.com/quotes/author/hussein-nishah/) > [I actually love Twitter and Instagram. I do think it's so strange to think that 20 years ago, people would never have known personal…](https://sms4smile.com/quotes/lorde/i-actually-love-twitter-and-instagram-i-do-think-it-s-so-strange-to/) [Lorde](https://sms4smile.com/quotes/author/lorde/) > [Man: I want to share everything with you. woman: okay let's start with your bank account](https://sms4smile.com/quotes/julia-nkandi/man-i-want-to-share-everything-with-you-woman-okay-let-s-start-with/) [Julia Nkandi](https://sms4smile.com/quotes/author/julia-nkandi/) > [“War is always more complex. Economics, history, religion all have a role, but not for the ones dodging the bullets. They just get blown…](https://sms4smile.com/quotes/bill-carter/war-is-always-more-complex-economics-history-religion-all-have-a-role/) [Bill Carter](https://sms4smile.com/quotes/author/bill-carter/) > [“Romantic literature often presents the individual as somebody caught in a struggle against the state and the market. Nothing could be further from the…](https://sms4smile.com/quotes/yuval-noah-harari/romantic-literature-often-presents-the-individual-as-somebody-caught/) [Yuval Noah Harari](https://sms4smile.com/quotes/author/yuval-noah-harari/) > [“What constitutes an American? Not color nor race nor religion. Not the pedigree of his family nor the place of his birth. Not the…](https://sms4smile.com/quotes/harold-ickes/what-constitutes-an-american-not-color-nor-race-nor-religion-not-the/) [Harold Ickes](https://sms4smile.com/quotes/author/harold-ickes/) > [You've got to exercise. Your health account, your bank account, they're the same thing. The more you put in, the more you can take…](https://sms4smile.com/quotes/jack-lalanne/you-ve-got-to-exercise-your-health-account-your-bank-account-they-re/) [Jack LaLanne](https://sms4smile.com/quotes/author/jack-lalanne/) > [I think most artists feel like they're outside society - no matter how many accolades they receive, or how much money is in your…](https://sms4smile.com/quotes/aaron-rose/i-think-most-artists-feel-like-they-re-outside-society-no-matter-how/) [Aaron Rose](https://sms4smile.com/quotes/author/aaron-rose/) ## More by Kevin Mitnick > [The human. Now you know all about your target](https://sms4smile.com/quotes/kevin-mitnick/the-human-now-you-know-all-about-your-target/) [Kevin Mitnick](https://sms4smile.com/quotes/author/kevin-mitnick/) > [I was fascinated with the phone system and how it worked; I became a hacker to get better control over the phone company.](https://sms4smile.com/quotes/kevin-mitnick/i-was-fascinated-with-the-phone-system-and-how-it-worked-i-became-a/) [Kevin Mitnick](https://sms4smile.com/quotes/author/kevin-mitnick/) > [Nine out of every 10 large corporations and government agencies have been attacked by computer intruders.](https://sms4smile.com/quotes/kevin-mitnick/nine-out-of-every-10-large-corporations-and-government-agencies-have/) [Kevin Mitnick](https://sms4smile.com/quotes/author/kevin-mitnick/) > [Back up everything! You are not invulnerable. Catastrophic data loss can happen to you - one worm or Trojan is all it takes.](https://sms4smile.com/quotes/kevin-mitnick/back-up-everything-you-are-not-invulnerable-catastrophic-data-loss/) [Kevin Mitnick](https://sms4smile.com/quotes/author/kevin-mitnick/) > [It's true, I had hacked into a lot of companies, and took copies of the source code to analyze it for security bugs. If…](https://sms4smile.com/quotes/kevin-mitnick/it-s-true-i-had-hacked-into-a-lot-of-companies-and-took-copies-of-the/) [Kevin Mitnick](https://sms4smile.com/quotes/author/kevin-mitnick/) > [When an attacker fails with one person, they often go to another person. The key is to report the attack to other departments. Workers…](https://sms4smile.com/quotes/kevin-mitnick/when-an-attacker-fails-with-one-person-they-often-go-to-another/) [Kevin Mitnick](https://sms4smile.com/quotes/author/kevin-mitnick/) > [I think malware is a significant threat because the mitigation, like antivirus software, hasn't evolved to a point to really mitigate the risk to…](https://sms4smile.com/quotes/kevin-mitnick/i-think-malware-is-a-significant-threat-because-the-mitigation-like/) [Kevin Mitnick](https://sms4smile.com/quotes/author/kevin-mitnick/) > [Usually companies hire me, and they know full well who I am, and that's one of the reasons they want to hire me.](https://sms4smile.com/quotes/kevin-mitnick/usually-companies-hire-me-and-they-know-full-well-who-i-am-and-that-s/) [Kevin Mitnick](https://sms4smile.com/quotes/author/kevin-mitnick/) > [A lot of companies are clueless, because they spend most or all of their security budget on high-tech security like fire walls and biometric…](https://sms4smile.com/quotes/kevin-mitnick/a-lot-of-companies-are-clueless-because-they-spend-most-or-all-of/) [Kevin Mitnick](https://sms4smile.com/quotes/author/kevin-mitnick/) > [I characterize myself as a retired hacker. I'm applying what I know to improve security at companies.](https://sms4smile.com/quotes/kevin-mitnick/i-characterize-myself-as-a-retired-hacker-i-m-applying-what-i-know-to/) [Kevin Mitnick](https://sms4smile.com/quotes/author/kevin-mitnick/) > [No company that I ever hacked into reported any damages, which they were required to do for significant losses. Sun didn't stop using Solaris…](https://sms4smile.com/quotes/kevin-mitnick/no-company-that-i-ever-hacked-into-reported-any-damages-which-they/) [Kevin Mitnick](https://sms4smile.com/quotes/author/kevin-mitnick/) > [New security loopholes are constantly popping up because of wireless networking. The cat-and-mouse game between hackers and system administrators is still in full swing.](https://sms4smile.com/quotes/kevin-mitnick/new-security-loopholes-are-constantly-popping-up-because-of-wireless/) [Kevin Mitnick](https://sms4smile.com/quotes/author/kevin-mitnick/) > [The explosion of companies deploying wireless networks insecurely is creating vulnerabilities, as they think it's limited to the office - then they have Johnny…](https://sms4smile.com/quotes/kevin-mitnick/the-explosion-of-companies-deploying-wireless-networks-insecurely-is/) [Kevin Mitnick](https://sms4smile.com/quotes/author/kevin-mitnick/) > [The government does things like insisting that all encryption programs should have a back door. But surely no one is stupid enough to think…](https://sms4smile.com/quotes/kevin-mitnick/the-government-does-things-like-insisting-that-all-encryption/) [Kevin Mitnick](https://sms4smile.com/quotes/author/kevin-mitnick/) > [I get hired to hack into computers now and sometimes it's actually easier than it was years ago.](https://sms4smile.com/quotes/kevin-mitnick/i-get-hired-to-hack-into-computers-now-and-sometimes-it-s-actually/) [Kevin Mitnick](https://sms4smile.com/quotes/author/kevin-mitnick/) [Explore all 142 Kevin Mitnick quotes ](https://sms4smile.com/quotes/author/kevin-mitnick/) ## More Bank quotes > [It isn't what a man's got in the bank, but what he's got in his head, that makes him a great merchant.](https://sms4smile.com/quotes/george-horace-lorimer/it-isn-t-what-a-man-s-got-in-the-bank-but-what-he-s-got-in-his-head/) [George Horace Lorimer](https://sms4smile.com/quotes/author/george-horace-lorimer/) > [My aim was to make money for the bank. You lose track of the amounts involved when you are engaged in this kind of…](https://sms4smile.com/quotes/jerome-kerviel/my-aim-was-to-make-money-for-the-bank-you-lose-track-of-the-amounts/) [Jerome Kerviel](https://sms4smile.com/quotes/author/jerome-kerviel/) > [I earnestly feel terrible for any mistakes at the bank.](https://sms4smile.com/quotes/steve-mnuchin/i-earnestly-feel-terrible-for-any-mistakes-at-the-bank/) [Steve Mnuchin](https://sms4smile.com/quotes/author/steve-mnuchin/) > [You can look at the West Bank. Cities are like prisons. They can be closed quickly by the Israeli forces, and everything stops in…](https://sms4smile.com/quotes/hassan-nasrallah/you-can-look-at-the-west-bank-cities-are-like-prisons-they-can-be/) [Hassan Nasrallah](https://sms4smile.com/quotes/author/hassan-nasrallah/) > [What we prefer to do is operate our investment bank in a way that is like what investment banks used to be, which is…](https://sms4smile.com/quotes/warren-stephens/what-we-prefer-to-do-is-operate-our-investment-bank-in-a-way-that-is/) [Warren Stephens](https://sms4smile.com/quotes/author/warren-stephens/) > [The situation in the West Bank and Gaza involves a military occupation amid urban guerrilla warfare, analogous to the British security measures in Northern…](https://sms4smile.com/quotes/jack-schwartz/the-situation-in-the-west-bank-and-gaza-involves-a-military/) [Jack Schwartz](https://sms4smile.com/quotes/author/jack-schwartz/) > [Remember, your bank will never call and ask you to hand over account numbers or say you must swap money from one account to…](https://sms4smile.com/quotes/angela-rippon/remember-your-bank-will-never-call-and-ask-you-to-hand-over-account/) [Angela Rippon](https://sms4smile.com/quotes/author/angela-rippon/) > [I couldn't be working in a bank and launch a clothing line. It's only because cinema gave me a lot of access that I…](https://sms4smile.com/quotes/vijay-deverakonda/i-couldn-t-be-working-in-a-bank-and-launch-a-clothing-line-it-s-only/) [Vijay Deverakonda](https://sms4smile.com/quotes/author/vijay-deverakonda/) > [If there is a risk in a bank, our first question should be 'Okay, what are you in the bank going to do about…](https://sms4smile.com/quotes/jeroen-dijsselbloem/if-there-is-a-risk-in-a-bank-our-first-question-should-be-okay-what/) [Jeroen Dijsselbloem](https://sms4smile.com/quotes/author/jeroen-dijsselbloem/) > [With post offices and postal workers already on the ground, USPS could partner with banks to make a critical difference for millions of Americans…](https://sms4smile.com/quotes/elizabeth-warren/with-post-offices-and-postal-workers-already-on-the-ground-usps-could/) [Elizabeth Warren](https://sms4smile.com/quotes/author/elizabeth-warren/) > [True wealth is not measured by how much money you've got in the bank or how many toys you've got. Some of the happiest…](https://sms4smile.com/quotes/rashad-evans/true-wealth-is-not-measured-by-how-much-money-you-ve-got-in-the-bank/) [Rashad Evans](https://sms4smile.com/quotes/author/rashad-evans/) > [I might have added zeros to my bank balance and followers to my Instagram account, but apart from that, I still lead a middle-class…](https://sms4smile.com/quotes/vikrant-massey/i-might-have-added-zeros-to-my-bank-balance-and-followers-to-my/) [Vikrant Massey](https://sms4smile.com/quotes/author/vikrant-massey/) > [Monetary policy transmission encompasses the whole continuum of interest rates; of course, the central bank only determines the overnight policy rate.](https://sms4smile.com/quotes/urjit-patel/monetary-policy-transmission-encompasses-the-whole-continuum-of/) [Urjit Patel](https://sms4smile.com/quotes/author/urjit-patel/) > [I actually love Twitter and Instagram. I do think it's so strange to think that 20 years ago, people would never have known personal…](https://sms4smile.com/quotes/lorde/i-actually-love-twitter-and-instagram-i-do-think-it-s-so-strange-to/) [Lorde](https://sms4smile.com/quotes/author/lorde/) > [The Oslo Accords in 1993 determined that the Gaza Strip and the West Bank are a single territorial entity which cannot be divided. Immediately,…](https://sms4smile.com/quotes/noam-chomsky/the-oslo-accords-in-1993-determined-that-the-gaza-strip-and-the-west/) [Noam Chomsky](https://sms4smile.com/quotes/author/noam-chomsky/) [Browse all 916 Bank quotes ](https://sms4smile.com/quotes/about/bank/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "I trust online banking. You know why? Because if somebody hacks into my account and defrauds my credit card company, or my online bank account, guess who takes the loss? The bank, not me.", "creator": { "@type": "Person", "name": "Kevin Mitnick" }, "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "url": "https://sms4smile.com/quotes/kevin-mitnick/i-trust-online-banking-you-know-why-because-if-somebody-hacks-into-my/", "about": { "@type": "Thing", "name": "Bank" }, "@id": "https://sms4smile.com/quotes/kevin-mitnick/i-trust-online-banking-you-know-why-because-if-somebody-hacks-into-my/#quotation", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/363/kevin-mitnick-3026_bank_i-trust-online-banking-you-know-why-beca_1749583.png", "contentUrl": "https://sms4smile.com/quotes/i/363/kevin-mitnick-3026_bank_i-trust-online-banking-you-know-why-beca_1749583.png", "url": "https://sms4smile.com/quotes/i/363/kevin-mitnick-3026_bank_i-trust-online-banking-you-know-why-beca_1749583.png", "width": 1080, "height": 1080, "caption": "“I trust online banking. You know why? Because if somebody hacks into my account and defrauds my credit card…” — Kevin Mitnick", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } }, { "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://sms4smile.com/" }, { "@type": "ListItem", "position": 2, "name": "Quotes", "item": "https://sms4smile.com/quotes/" }, { "@type": "ListItem", "position": 3, "name": "Kevin Mitnick", "item": "https://sms4smile.com/quotes/author/kevin-mitnick/" }, { "@type": "ListItem", "position": 4, "name": "I trust online banking. You know...", "item": "https://sms4smile.com/quotes/kevin-mitnick/i-trust-online-banking-you-know-why-because-if-somebody-hacks-into-my/" } ], "@id": "https://sms4smile.com/quotes/kevin-mitnick/i-trust-online-banking-you-know-why-because-if-somebody-hacks-into-my/#breadcrumb" }, { "@type": "WebSite", "@id": "https://sms4smile.com/quotes/#website", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "publisher": { "@id": "https://sms4smile.com/quotes/#organization" } }, { "@type": "Organization", "@id": "https://sms4smile.com/quotes/#organization", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "logo": { "@type": "ImageObject", "url": "https://sms4smile.com/quotes/wp-content/themes/sq/assets/icons/icon-512.png", "width": 512, "height": 512 } } ] } ```