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Protecting your identity with a 1 in 5 guess is absurdly unsecure. Let's say I was a bad guy and I looked at my target's social media. I see he was in the mil
by RandomBacon 6y ago
Protecting your identity with a 1 in 5 guess is absurdly unsecure.
Let's say I was a bad guy and I looked at my target's social media. I see he was in the military, and I see USAA (a bank that caters to the military) is an answer choice, I'll try that one. Or if I know approximately where my victim lives, I'll look at an online map and see what banks are close by. Chances are the victim would get a loan at a bank they are already a member of, and would be a member of a nearby bank so they could deposit/withdraw easily.
- perl4ever 6y agoThat's not how it works; they don't use a single question. I suppose it may work better for people who have lived in a variety of places and had a number of different accounts or loans.
- RandomBacon 6y agoI know how it works: I've been subject to them several times. (For those that don't know, it's a series of questions, see link for screenshots.) Most of the questions can be easily figured out. See this article: https://blog.alloy.co/answering-my-own-authentication-questions-prove-that-theyre-useless-386191e4f62f https://blog.alloy.co/answering-my-own-authentication-questi... Anecdote: I was once asked what type of car I got a loan for. First of all, just because the dealer pulled my credit doesn't mean I bought it (I never took out a loan for the vehicle). Second, just go on Google Street View to see what car is in my driveway, or check social media because people like to post pictures of their cars. So again, more incorrect data they used to verify me, and if it was correct, it wouldn't be secure!