This obviously raises security concerns. If I can transfer money out of my bank account with just a name and password, so can you. That isn't to say that online security is worse than offline, however. SSL-encrypted communications are infinitely more secure than banking over the phone, or speaking in hushed tones in a brick-and-mortar bank. Passwords are a lot more secure than merely providing a 4-digit PIN or a mother's maiden name, too.
The actual problem is databases, or centralized repositories of information. It's no good having a password to your account if a nefarious types hacks a bank and takes all of the accounts. Likewise, putting your bag in a locker doesn't help if someone lifts the entire block of lockers into a truck and drives off.
2010 was a bad year for digital security breaches, and it won't get better until every organization and institution hires a security specialist and puts proper safeguards in place. This post, then, is dedicated to the organizations and institutions that left the barn door open in 2010 -- shame on you!Continue reading The best (or worst) security breaches of 2010The best (or worst) security breaches of 2010 originally appeared on Download Squad on Wed, 29 Dec 2010 15:30:00 EST. Please see our terms for use of feeds.Permalink | Email this | Comments
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