Sunday, 17 April 2016

Banks and fintechs at war over password sharing | afr.com

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Micro investment company Acorns has accused ANZ Banking Group and other banks of telling customers they can't share account passwords with the start-up, retarding its growth. 

From Banks and fintechs at war over password sharing | afr.com

The article calls password-sharing a “grey area”, which it really isn’t, since both bank procedures and common sense security practice should tell us that giving _anyone_ a password (which ought not to be thought of as any form of security at all) to a third party is dangerous. When they get hacked, you get hacked.

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