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Why Passwords Aren't Secure

Friday, June 22, 2012 - 6:05 PM
From Bank Info Security
In the wake of the LinkedIn breach, which exposed 6.5 million hashed passwords, Ranum, chief of security for online security provider Tenable Security Inc., says it's obvious the ongoing use of passwords is opening online users and organizations to security risks and breaches.

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This is a good article to read if you want to know more of the technical details and risks behind the LinkedIn breach.
5
Ken TuminKen Tumin5,442 posts since
Nov 29, 2009
Rep Points: 123,702
1. Saturday, June 23, 2012 - 9:46 AM
There has to be more to this hacking into someone's bank account through their password that they aren't explaining. For example, does the bank or brokerage have "any" responsibility to repay the customer for funds stolen since they are allowing you to assume if you access your accounts through internet they are providing you with some safety.  In fact ALL my financial businesses practically "beg" me to do everything electronically!  No one wants to pay humans to take care of us.  They want us to do everything over the internet so there has to be some responsibility on their part if we do and our accounts are hacked into.  Also can a hacker get into any CDs we may have with these institutions since we must provide a copy of the CD when it matures if we want to withdraw it?

There has got to be a way we can use the internet for our banks etc and still be protected.  Someone needs to come up with a solution, imo and find a way to protect the customers.
3
paoli2paoli21,142 posts since
Aug 10, 2011
Rep Points: 5,096
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