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Does your financial institution encrypt your passwords? Mine doesn’t.
- davidtgoldblatt 14y agoCharles Schwab (which, security practices aside, is a fantastic place to bank) doesn't (as far as I can tell) store your password unhashed. However, they manage to make this irrelevant, because passwords are restricted to between 6 and 8 characters and can contain only numbers or letters. I can only hope the passwords are bcrypted to high heaven.
- Hengjie 14y agoMy bank also doesn't one-way hash my password. On occasion they turn their computers around to me and show me my password at the counter. I suspect they may be encrypting it in the storage medium and encrypts/decrypts on the fly. PS One way hashing is different to encryption.