Comment by zb3
5 hours ago
We can't let banking apps invade our property.. things like banking apps need so much control in order to be secure that they need to exist on dedicated devices.
5 hours ago
We can't let banking apps invade our property.. things like banking apps need so much control in order to be secure that they need to exist on dedicated devices.
> things like banking apps need so much control in order to be secure
They don’t. It’s a security theatre.
Bank security has and never had anything to do with real security. It's all stupid audit checkboxes and missing forest for the trees. I've dealt with PCI and similar auditors and I wouldn't trust them with my gym locker combination.
My only solution is to have multiple accounts, spread the risk, and rely on legal protections and bailouts when they inevitably screw up.
"At <insert bank>, my voice is my password."
In Spain (I think the whole Hispano-America by proxy) the BBVA's banking app just allow a 6 char long password. This is bullshit. Also, if you try to root the smartphone the app might disable itself. I'm tired of this. Can't wait to a good cyber attack from Russia+China so the whole security theater crumbles down (and in China too because of the social credit) until the civil rights get restored back.
That's not really necessary, though I understand why banks are doing this when they're held responsible for their customers' inability to spot fraud before hitting the "transfer my life savings into a Bitcoin wallet" button.
Having a dedicated "banking device" is a good solution for power users, though I'd probably just switch banks if my bank tries to pull that bullshit on me.