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Why are companies even asking users to provide passwords for unrelated services? For example, when I added an external account on Etrade, they gave me the optio
by u801e 8y ago
Why are companies even asking users to provide passwords for unrelated services? For example, when I added an external account on Etrade, they gave me the option of same day verification of that account if I provided them my online banking account credentials.
This practice opens up a significant potential for abuse and should be illegal.
- matt4077 8y agoIs this question rhetorical? Your online banking is known to be verified, therefore another company can piggyback on that verification.
- u801e 8y agoYes, but that doesn't mean that someone else needs my credentials to verify it. They should have their own independent method of verification. Do I need to give you my online banking's user name and password in order for you to send me money?
- dingaling 8y agoThey can't really 'piggyback' since disclosing your account authentication details is against the ToS of the bank.