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The second factor is the one time password. You get ~200 by snail mail and need one for each transaction. So you only give up control for one transfer. But yes,
by 1ris 10y ago
The second factor is the one time password. You get ~200 by snail mail and need one for each transaction. So you only give up control for one transfer. But yes, indeed, this is insane.
- duskwuff 10y agoSo you need to order new passwords if you're making a lot of online purchases? That seems even more insane, really.
- ctpide 10y agoMany banks now actually provide code generators, but yes in the past you would receive new codes every so often.
- chrisper 10y agoYou do not have to use that service and there are also electronic versions of a one-time-password generator.
- ThePadawan 10y agoGenerally, as the bank also tracks the rate at which your passwords get invalidated (by being used), they will automatically send you a new sheet when there are only ~20 remaining on your current sheet.
- rak00n 10y agoWhat if snail mail gets stolen?
- biafra 10y agoYou need to activate the next block of TANs with one of the previous.
- kybernetyk 10y agoIn theory nothing bad happens as the person with the snail mail code list still needs your login/password to issue money transfers. But then again ... you just handed your banking credentials to some shady fintech startup.