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 2010
The 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.
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