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Bank of the Clueless

jcomeau_ictx (696704) writes | more than 3 years ago

0

jcomeau_ictx (696704) writes "Bank of Internet has for years limited passwords to 8 alphanumerics, but over the next few days they will open their members' accounts up to anyone with the last 4 letters of their Social Security number: ex-partners, family, and any of thousands of employees of banks, credit unions, and online and offline businesses which have requested it over the course of an average life. Here is the communication sent out today:

Bank of Internet USA is upgrading our online solutions for Online Banking this weekend. The Bank is making this change to ensure we provide you with an Online Banking experience so impactful, you will not be able to imagine banking any other way. In preparation for the launch, there is some important information you need to know:

Launch Date: December 11, 2010. The conversion time frame will be from December 9, 2010 to December 11, 2010. Logging in to Online Banking on December 11, 2010 or thereafter. You will use the same Online Banking ID as you did prior to December 11th. The first time you log in only, your Password will be the last 4-digits of your Social Security Number. You will be prompted to change your password to one of your choosing immediately upon logging in.

This doesn't mean I'll stop doing business with them; they still have better customer service than any other bank I've ever dealt with. I just won't keep anything more than a few hundred in there until they take security a little more seriously."

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