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There are solid laws and remedies in place for when someone steals money from your bank account. This happens all the time at banks and they just replace your m
by davidcann 16y ago
There are solid laws and remedies in place for when someone steals money from your bank account. This happens all the time at banks and they just replace your money without even telling you. Mint and Intuit have every incentive in the world to protect your money.
Giving out your twitter/facebook/gmail password is much more dangerous because there are no easily enforceable laws in place for when someone spams all your contacts, damages your reputation, or locks you out of your web accounts.
- btmorex 16y agoWhat laws are in place? FDIC doesn't cover theft/fraud.
- davidcann 16y agoI think theft and fraud both count as laws that are in place. The FDIC has an entirely different purpose. The banks themselves usually cover customer losses themselves due to hacking. Identity theft can be more difficult to recover from, of course, but if Intuit/Mint/Yodlee had a major security breach, it would need to be cleaned up very quickly. It is relatively commonplace to prosecute monetary theft compared to prosecuting "gmail theft" or "twitter spamming."