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he transfers are a popular way to send money directly from one bank account to another electronically in Canada we send about a million e transfers every day and make payments its convenient and financial institutions say its secure but is it the system relies on email youii transfer your friend your friend gets an email letting them know the email has a security question if your friends email has been hacked and thats easily done billions of personal accounts have been compromised in corporate data bdocHubes fraudsters can see the security question so make that security question a strong one dont ask whats your dogs name what city do you live in what favorite sport do you play chances are those answers can be easily discovered by fraudsters on social media also dont send the answer to your security question in an email if fraudsters have hacked into your friends email they can see the answer to all the big banks have electronic agreements like this buried in the fine print y