The Motley Fool Discussion Boards

Previous Page

Financial Products & Services / Online Banking


Subject:  Re: PC Banker gripe Date:  7/12/2002  1:42 AM
Author:  foobar73 Number:  17266 of 24357

What are the realistic chances of someone "guessing" someone elses password ? Very,very remote.

Password guessing is surprisingly effective, and well-documented as such. The problems stems from many people using familiar names (such as family members, or pets), words, birthdates, etc. for their passwords. This narrows down the search space considerably.

I also noted password theft and fraud as potential attacks. While not as direct as outright guessing, these can be even more powerful attack techniques that generally cannot be circumvented with some of the methods normally used to prevent guessing. Notification of account usage, on the other hand, effectively acts as another layer of defense which can work to detect such problems.

And their emailing thousands of customers what is essentially "spam" because of a remote chance a one in a million hacker gets though and billpays himself someones elses money.

At the same time, I dont get emails for what IS important to me..when my mail in deposits get credited.

In case my previous reply wasn't clear, this is not a convenience feature for you. This is a security feature. Security is, generally, the antithesis of convenience: making something more secure usually means making it less convenient, less comfortable and more intrusive.

Adding deposit notification might be a worthwhile idea. Removing account usage notification is not. Extra alertness is worth the price of a few additional emails.
Copyright 1996-2021 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us