How it works

BankVault relies on the security and privacy established logically when you use a remote 'virtual machine' to go online instead of your physical computer.

Instantly Protect Your Computer from Hackers

BankVault works by harnessing the inherent security of a remote 'virtual machine’ to create a solution which keeps you safe when you go online.

BankVault launches instantly from your desktop and connects you seamlessly to a virtual machine ‘session’. BankVault, hides this session in the cloud—temporary, secret and anonymous—making it inaccessible to hackers and entirely free of the threats facing regular computers and devices.

Our cost effective solution gives end-users access to a type and quality of security which is not possible from a PC. Unlike anything else on the market, BankVault ensures your online activity is absolutely secure and completely private.

“Best way to avoid punch, no be there.” -- Mr Miyagi, The Karate Kid II

12 Things To Know About BankVault

How is BankVault different to antivirus software?
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Antivirus software is an important tool for keeping your computer safe. It works by monitoring your computer and scanning your new files for threats; and we recommend you continue to use your antivirus software. However, antivirus software only protects against already-known viruses, and only when consistently updated. Your computer remains vulnerable to many viruses. Even with the best antivirus software programs, it takes time for Programmers to figure out how to best combat that new virus.

BankVault eliminates any threat of computer viruses, because you are connected to a virtual computer. BankVault creates a pristine virtual computer, completely free of any viruses, every time you use it. Furthermore, when you open files or visit websites in your BankVault virtual computer, your actual computer cannot be infected by any virus that you may encounter.

Where is the BankVault virtual machine hosted?
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BankVault instantly creates your virtual machine using the servers at our data centre. A data centre is a highly secured computer environment, much like a bank. It’s protected and monitored with far greater levels of security than any home or business computer.

But BankVault provides an even higher level of security than a regular data centre. The BankVault virtual machine is created as data that exists across the facilities many servers. Any attacker who managed to access the data centre would still not be able to access anything specific. Your virtual machine does not actually exist.

Furthermore, your virtual machine is temporary. It will disappear after your session, and will be replaced with a clean new virtual machine at the start of your next session.

Why a randomly generated virtual machine?
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Most cyber-attacks require a target computer which can be reached. A randomly appearing and moving computer becomes close to impossible to attack. A virtual machine can be easily generated in random locations, and then erased. Anything that ‘could’ be done to the virtual machine while it did exist, is pointless because it vanishes. An attacker would need to locate the next random one and start all over again.
Should I use BankVault in my business?
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Absolutely. BankVault is a must for any businesses that uses online banking systems to manage company accounts to make financial or credit card transactions online, enter personal or sensitive company information into a website, manages private or sensitive data online, and/or manages client trust accounts.

If hackers find their way into your business's computer systems, you may one day find your bank accounts empty. Often hackers have synchronised their attack with payroll, maximising their score and leaving you unable to pay workers with company funds. Trustees are even more vulnerable, as they face personal legal obligations to replace stolen funds quickly even if they are not at fault.

Business customers may prefer our Enterprise solution. Contact us to find out how we can help.

How is BankVault better than my VPN?
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VPNs and proxy solutions only provide partial security and privacy. While useful for accessing geo-blocked video content, they offer little in the way of protection.

Critically, VPNs and proxies still allow data – including malware – to pass back to your computer from the sites you visit.

BankVault bypasses blocks placed by governments, ISPs, and employers, and hides your online activities from these entities. For many users, bypassing government censorship, accessing social media around an employer’s locked-down network, or anonymously commenting on a website without leaving a trace. As these can be risky behaviours, BankVault offers stronger protections than proxy solutions.

BankVault does not allow streaming video content, so those who use VPNs to access video content should continue to use their VPN for this purpose.

Why is BankVault so secure?
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BankVault is secure because is it uses the cumulative effect of different techniques to provide a definitive comprehensive level of security. Combined into BankVault’s solution, all possible threats are eliminated.

• Virtual • Remote • Temporary • Random • Secret • Pristine • Untraceable

When you go online with BankVault you are:

• Immune to threats that require a physical computer and its software to attack • Moved (technically, not literally) far away from your computer, which is the weakest link in the chain and where most attacks, virus and security problems occur. • Working somewhere that won’t exist for long enough to attack • Working somewhere different every time • Working somewhere that is not identifiable as your computer • Working via a clean, perfect, pristine, up-to-date, secure and safe computer every time

From a technical perspective your location is hidden. Your BankVault session, for the short time it appears, would seem to anyone who could find it (and they won’t) to be sitting somewhere on the internet (BankVault’s secure data centre). Your session is allocated a shared IP, which is changed each time you start a new session. This protects your location, your privacy, and your identity.

Add to this that your session is temporary. Everything you do with it will vanish, impossible to track, hack or attack.

What information does BankVault store about me?
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Under Australian Privacy Law, BankVault is obliged to record a timestamp whenever you log onto our service.

BankVault is extremely concerned about protecting our customer’s privacy and anonymity. You’ll have no online footprint unless you choose to do so.

Does BankVault protect against ransomware & malware too?
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Yes! Malware (a general term for malicious software including spyware, adware, viruses, and other damaging and intrusive programs) have taken a more dangerous turn with the rise of ransomware programs such as cryptolocker. Ransomware hijacks the files that are stored on your computer, and holds them to ransom. People have had to pay hundreds or thousands of dollars to regain access to their files... assuming the hijackers ever return the documents.

Personal financial data, family digital photo files, private documents, and work files are all vulnerable to ransomware threats. Holders of these documents are prime targets for ransomware hijackers.

Using BankVault eliminates any threat from malware threats such as ransomware, because you can operate in the safe virtual computer environment that is separate from your computer. Malware cannot install on your computer from the virtual computer environment, and so it cannot affect your operating system or reach your important documents.

How does BankVault protect me from bank account hacking?
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Banks have tighter security than households and most businesses. The easiest way for them to hit pay day is to target your personal computer. 90% of all financial cyber heists are via “protected” PCs, smartphones, and tablets via unsecure home or work internet connections, through public Wi-Fi, or visiting a website that contains hidden malware. Security banking fobs and SMS confirmation codes fail to protect from these tactics.

Once your computer is infected, a hacker can spy on you as you type in your passwords, do your work, watch videos of your family and friends, and even access your computer’s webcam and microphone. Hackers can watch you for weeks or months, discovering your online behaviours to know when you make transfers or receive funds, in order to time their attacks for the biggest score.

BankVault is a simple technology that stops back account hacking and secures all your online transactions. You’ll never need to worry about bank account hacking or identity theft with BankVault.

How does BankVault protect me from bank account hacking and identity theft?
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Hackers do not target the banks. Instead, they target your personal computer. 99% all financial cyber heists are via “protected” PCs, smartphones, and tablets via unsecure home or work internet connections, through public Wi-Fi, or visiting a website that contains hidden malware. Security banking fobs and SMS confirmation codes fail to protect from these tactics.

Once your computer is infected, a hacker can spy on you and secretly watch while you type in your passwords, as well as access your computer’s camera and microphone, and steal your personal identity data. Hackers can watch you for weeks or months, discovering your online behaviours to know when you make transfers or receive funds, in order to time their attacks for the biggest score.

BankVault is a simple technology that stops back account hacking and secures all your online transactions. You’ll never need to worry about bank account hacking or identity theft with BankVault.

Won’t banks replace my stolen funds?
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Banks investigate theft from accounts, and often replace funds when they can determine a legitimate theft. Investigations can take weeks or months, depending on the circumstances.

If you have a trust account, it can be a slow and painstaking investigation. The worst part is that you have to replace stolen funds within 24 hours or face dire consequences. You're on your own as banks will not replace stolen funds within this time frame.

While a bank investigation proceeds, you will not have your stolen funds replaced until a final report is completed. If you cannot cover the missing funds - unlikely if thieves have had access to all of your accounts - you'll be left without cash for an unknown period of time.

What is the Money Back Guarantee?
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Try BankVault for up to 30 days. Put us through our paces, and see how much more safe and secure you feel online. We’re so confident that you’ll be happy using BankVault, that if you are not 100% satisfied, contact us at support@bankvaultonline.com within your first 30 days of service and we will refund all but your initial first month of service ($19.95). This offer is only applicable to BankVault annual purchases. Monthly service may be cancelled at any time.

What is a Virtual Machine?

A ‘virtual machine’ is a simulated or software-only version of a computer, with no hardware associated to it. No hard drive, no processor, no memory cards. Think of it as a virtual computer. It’s simply software containing all of the features, functions and applications you would find on an ordinary computer.

What’s great about virtual machines is that unlike hardware-associated computers, you can create, delete, move, and manage virtual machines easily. Each machine you create is a new and pristine copy of the original. You can test things with a virtual machine and make mistakes without causing any ‘real’ damage to your ‘real’ systems. You just delete it and create a new one.

 

A ‘virtual machine’ is a simulated or software-only version of a computer, with no hardware associated to it. No hard drive, no processor, no memory cards. Think of it as a virtual computer. It’s simply software containing all of the features, functions and applications you would find on an ordinary computer.

What’s great about virtual machines is that unlike hardware-associated computers, you can create, delete, move, and manage virtual machines easily. Each machine you create is a new and pristine copy of the original. You can test things with a virtual machine and make mistakes without causing any ‘real’ damage to your ‘real’ systems. You just delete it and create a new one.

Virtual machine technology has been around for a long time. It’s tried and tested, and there are lots of good uses for it.

We’ve used it to build a unique security solution which ingeniously separates you from the weakest link in the security chain—your endpoint computer.