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​Why I Hate Security, Computers, and the Entire Modern Banking System | Motherboard
I am honestly amazed the US banking system still works this way, after over a decade of rampant identity theft:
I cannot count the number of times I’ve freely given out my routing and account numbers—in emails, in webforms, in paperwork. This is because it’s necessary for other people to know my routing number and account number in order for them to send me money. But apparently, with that same information, they can also snatch money straight from my account. What kind of insane system is this? There’s two factor authentication, there’s one factor authentication, and then there’s this, which I think I can call zero factor authentication.
identity-theft  phishing  banking  banks  usa  authentication  2fa  0fa  security 
may 2016 by jm
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