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Phishing is a much bigger security threat, but is a much less harmful one than having the password database stolen. It sounds like they are trying to minimize
by MereInterest 10y ago
Phishing is a much bigger security threat, but is a much less harmful one than having the password database stolen. It sounds like they are trying to minimize the day-to-day risks, at the expense of maximize the damage of a catastrophic event.
- kybernetikos 10y agoAll the systems I've used that do this make you have two passwords, only one of which they are storing in a reversible way.
- makomk 10y agoIf the password database is stolen somehow, that probably means that the bank's online banking systems have been compromised. Having the password database stolen is likely to be the least of their worries at that point.