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> if you share your password with Plaid, and Plaid is breached, and someone uses your banking credentials to drain your account, I think a bank could wash their
by matkoniecz 4y ago
> if you share your password with Plaid, and Plaid is breached, and someone uses your banking credentials to drain your account, I think a bank could wash their hands of it and walk away in that situation.
is "Plaid is breached" necessary? Or is it enough for bank to be aware that you used Plaid?
- ncallaway 4y agoI don’t know, I’m not a lawyer, just a concerned bank customer that read my TOS. My guess would be that your bank account being compromised would need to flow in some way from you sharing your password. But, it might be a matter of “who has the resources to make a claim in court”, which could be a challenge for most people if they just lost their bank account (hell, it would be hard for most people even with access to their savings)
- matkoniecz 4y agoFrom what I remember from reading my bank contract: they claim that any password sharing and blatantly insecure behavior waive bank responsibility. It may not be enforceable, but in my case any use of Plaid or Plaid-like tool would allow bank to claim that they are no longer responsible for any fraud. (for reference - I am from Poland, never encountered any nonscam asking me for my bank account, though banks have different variety of problems)