Easy Come, Easy Go

Rapid developments in communications and information technology have now made it possible for us to conduct most of our tasks within the comfort of our homes. We can do research, pay our bills, make bank transactions, shop, communicate with friends, and do most other things that would have been impossible to do before without leaving the house.

However, not even ten long years working for one of the biggest banks in the country has made me a believer in online banking. Not when an honest mistake done manually can obliterate the balance of someone’s bank account. Or a simple oversight can lead to a BP 22 headache. Jurisprudence in our jurisdiction abounds with suits stemming from these simple mistakes, whether intentional or unintentional.

With unbridled technology then, imagine the damage possible. Like someone’s salary, or worse, one’s lifetime savings, funneled into a fraudster’s account. The very same technology that makes possible our comforts and conveniences also allows people with criminal intentions to conduct their evil designs with ease. Cybercrime or technocrime in real life is often stranger than what you see in movies. And oh yeah, Eagle Eye doesn’t seem such a remote possibility too.