5 ms·
So is the 21st century version of stealing cash from your mom's purse?
by dexwiz 10y ago
So is the 21st century version of stealing cash from your mom's purse?
- Waterluvian 10y agoYup. In my opinion, this isn't a problem that needs solving. I bet with thumbprint security, money is more secure from house hooligans than it was when held in a wallet.
- icebraining 10y agoMaybe, but on the other hand, most people don't keep $250 in their wallets. Having an extra verification mechanism for expensive purchases seems appropriate.
- Waterluvian 10y agoDepends how likely this scenario is. Adding security to a high risk, low occurence event can be seen as wasteful. Also before this technology, people kept credit cards in their wallet, which suffered the same fate from house hooligans. And before credit, people did keep $250 in their wallet.
- icebraining 10y agoWell, the security could just be to ask for one's password again. I guess the credit card part is true; around here most people have debit cards with PINs, and which can't be used remotely, so it's unlikely a six-year-old could use it without their parent's consent. Then again, around here those parents would have the legal right to return all those purchases.
- alex- 10y agoSmall cash theft can be done over and over. An online theft leaves a paper trail, normally with email confirmation. I would be surprised if a child got away with it twice and the total harm would be much more trackable.
- Meegul 10y agoThey do keep credit cards in their wallet, though.
- satysin 10y agoYeah I think there should be a limit (which you can override with a password) on how much money you can spend in a certain time period. Make it $10/day or something as default and let the user change it. Works well enough for mobile contracts to prevent over spend IMHO.
- darpa_escapee 10y agoWallets hold a small amount of money compared to the potential life savings accessible with a phone and thumbprint. Getting robbed turns from "Give me your wallet or I'll shoot/stab you" to "Give me your phone and access or I'll shoot/stab you."
- ghaff 10y ago>life savings Unlikely given anti-fraud systems. And ordered physical goods can almost often be returned. Digital purchases canceled. I don't doubt one can come up with a corner case somewhere but major financial transactions do tend to have checks built in.
- jasonkostempski 10y agoExcept your mom's purse doesn't pretend to be secure so moms that know their kids might steel from them know to move the money out of their purse.