Comment by Zak
20 hours ago
This leads to a massive transfer of power from end users to corporations and governments. User-owned computers and the open web limit the ability of such institutions to place demands on users. Is that worth a slight reduction in the rate of bank fraud?
Depends if you ask someone who gets defrauded of their life savings and work and is financially ruined I suppose.
Most of the time, it's the bank that's on the hook for fraud, which is why they're motivated not to trust that the user's device is sufficiently secure.
There’s no world where the bank is on the hook for fraud while also not being allowed to prevent it.
Personally I’m ok with the bank being on the hook and their app checking there isn’t malware loaded on the OS. I have my raspberry pi and steam deck for full modding without intermingling it with extremely sensitive computing.
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Careful, recently someone made a similar argument around gun-laws in the US, and it didn't go well for him...
/s