Author Topic: Don't bank online  (Read 2784 times)

rcjordan

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Don't bank online
« on: March 04, 2019, 12:39:34 AM »

rcjordan

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Re: Don't bank online
« Reply #1 on: November 15, 2019, 12:56:18 AM »
EU: This Bank Had the Worst Password Policy We've Ever Seen
https://www.vice.com/en_us/article/kz4jjv/this-bank-had-the-worst-password-policy-weve-ever-seen

TL;DR:  A European bank makes customers pay to change their passwords, and suggests they Google their password to check if it is secure.

rcjordan

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Re: Don't bank online
« Reply #2 on: September 24, 2020, 04:53:12 PM »

ergophobe

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Re: Don't bank online
« Reply #3 on: September 24, 2020, 05:29:51 PM »
People who would download AnyDesk and let a stranger access their computer should not be banking online, I'll grant that.

A friend who is very non-tech-savvy called me about something he thought might be fishy. I don't remember what scam it was, but it's the kind of thing everyone here would recognize immediately.

I ask him a few questions about password security. The answers are frightening. So I asked him
 - do you bank online? No
 - do you get email notices from your bank? No
 - do you do paperless statements? No
 - do you get text alerts? No

I said, "Okay, keep it that way." As far as his bank is concerned, he has a physical address and a landline.

All of us can be hacked by a determined foe, of course, but some people really should not do anything confidential or financial online. He hardly even shops online, and I told him that was probably a good thing.

But then, there are some people who set themselves up as experts and they say things like
Quote
“Insert it on Google: if it returns less than 10 results it means it’s a good password.”

ergophobe

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Re: Don't bank online
« Reply #4 on: September 24, 2020, 05:32:45 PM »
PS - "asdf" plus my four-digit birthdate returns 8 results. I guess it's a secure password. Whew! I was thinking I might have to use my eight-digit birthdate and I hate doing all that typing.

rcjordan

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Re: Don't bank online
« Reply #5 on: September 24, 2020, 05:42:29 PM »
Password tip:  Local or regional places or geo-features make for memorable passwords, particularly if they a hyper-local and not on maps.  Example: A local intersection has been called 'Dog Corner' since before I was born.   Add a string of significant-to-you digits and it is easily memorized. 

ergophobe

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Re: Don't bank online
« Reply #6 on: September 24, 2020, 10:19:27 PM »
Asdf Pond is right around the corner ;-)

rcjordan

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Re: Don't bank online
« Reply #7 on: September 25, 2020, 01:30:42 AM »
UK: £200m lost to bank transfer fraud - Only a third of losses were reimbursed despite new bank code

https://www.which.co.uk/news/2020/09/over-200m-lost-to-bank-transfer-fraud-in-the-first-half-of-2020/