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I believe I'm using Plaid, to use the budgeting app I use (YNAB). Can anyone tell me what the risks are? I seriously thought this was a pretty safe thing to do
by deadbolt 5y ago
I believe I'm using Plaid, to use the budgeting app I use (YNAB).
Can anyone tell me what the risks are? I seriously thought this was a pretty safe thing to do.
- goatcode 5y agoYNAB uses Plaid and MX: https://www.youneedabudget.com/security/ https://www.youneedabudget.com/security/
- beervirus 5y agoWell ok, now Plaid has your login info for your bank. How well do they protect it? What employees have access to your credentials? Are they unhackable? A bad actor with your bank login and password could cause a LOT of mischief.
- deadbolt 5y agoI suppose I was misinformed about how Plaid worked. I was under the impression that Plaid was similar to OAuth, where they didn't actually have the username & passwords.
- salawat 5y agoNope. They have to use bank login and password, so that can scrape your info. No banks tend to implement OAuth. I've been out of the world for 2 years, but last I was in I was kicking and screaming to keep where I worked away from it, and I still warn people off.