Financial transactions can now be done on the Internet.  This is especially true in Panama Banks and for people with off shore bank accounts in other tax havens like Belize, Bahamas, Switzerland (swiss) and the cayman islands. People purchase items and supplies online.  Long queues in banks are now a thing of the past.  People can pay their bills, do banking online and emails are read and sent through the quickest route possible.  However, while in the process of doing these transactions, people can be vulnerable to privacy attacks and violations my hackers.

The IP Address:

An IP address is usually assigned to a computer every time it connects to the Internet.  It works something like a temporary ID. Whenever a person connects to the Internet, they would need to subscribe to an Internet Service Provider or ISP.  When a computer is used to go online, information is exchanged between servers and other computers.  With every piece of information exchanged over the Internet, the ISP creates a log of all activities done by your computer online.  These data are retained for about two years in the ISP logs.  What this means simply is that the ISP keeps a record of all websites you’ve visited including banks auction sites or anything. We see a loophole here that needs to be plugged to make financial transactions done online be more secure for any individual to use. 

The Solution-Anonymity: