This is true.
However, while Ethernet over Mains is not encrypted/protected in any way, this solution does remove the element of risk from an opportunist hacker with a laptop standing under your window, and pretty much limits it to actual neighbours with a similar AC modulator device… which for home banking is pretty secure.
I do agree that WiFi is a secure solution as pointed at the beginning of my post, and at any rate the Ethernet over Mains solution works-out more expensive so not my first recommendation anyway, but some people are uneasy about WiFi and the Ethernet over Mains does resolve worries regarding hackers with laptops.
Also, when coverage is not enough due the location of the WiFi devices in the house (new houses tend to have more bricks than wood for internal walls), the options are either using Range Extenders (which from my experience do not always work that well), or looking at an alternative to WiFi which is either wired Ethernet or Ethernet-over Mains.
Soon this will all be history though as we will all be on Wimax….
