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mhhfive
mhhfive
2/7/2019 1:43:12 PM
User Rank
Guardian
Re: 2FA
Gold bars! There's a store of value that's inconvenient to carry -- which makes it slightly more secure. As a friend of mine told me -- his wife didn't want him to choose any other trendy material besides gold for his wedding band (eg titanium or fancy silicone or steel) because she wanted him to feel the weight of his decision. (And I suppose the weight of tungsten isn't quite the same...)

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Ariella
Ariella
2/7/2019 11:50:05 AM
User Rank
Protector
Re: 2FA
2mhhf1ve Indeed, it makes one consider putting everything in gold bars instead -- not that they can't be stolen, but at least you have the satisfaction of knowing the robber has to do more physical work.

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mhhfive
mhhfive
2/7/2019 11:25:38 AM
User Rank
Guardian
Re: 2FA
There are so many stories of "lost cryptocurrency" -- from a guy who accidentally threw away an old hard drive that contained his mined bitcoin that he had forgotten about -- but that were worth a hefty sum at bitcoin's peak. I vaguely remember some other cryptocurrency millionaire who was kidnapped and robbed of his fortune -- by threatening his life to obtain his password and the bad guys just took his hardware key that he kept on himself at all times. So... security can only get so good.

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Ariella
Ariella
2/7/2019 9:20:45 AM
User Rank
Protector
Re: 2FA
@mhhf1ve it does give new meaning to the warning "you can't take it with you," or maybe it means he did sort of tkae it with him in the sense that no one else can access it now. I remember there was a big name in crypto who had the account number minus one digit engraved on a ring he wore. But he ended up arrested for something, I think, so I don't know if he got to retain his fortune.

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mhhfive
mhhfive
2/6/2019 10:28:59 PM
User Rank
Guardian
Re: 2FA
This is also why I'm skeptical of cryptocurrency--because there's no recourse if something goes horribly wrong. The CEO of a crypto currency exchange just died and took $100+MM with him to the grave because he didn't tell anyone his password. That was an encrypted laptop, but it could have been his phone... and what would he have done if he had lost his laptop? Mobile "vaults" of currency or currency accounts don't seem all that safe.... I suppose if it's mirrored to a "cloud" it might be slightly better, but....

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Ariella
Ariella
2/6/2019 5:29:45 PM
User Rank
Protector
Re: 2FA
@mhhf1ve yes, I suppose. That kind of thing would likely generate a warning text or email, but if the thief has gotten into that, it wouldn't help you alll that much.

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batye
batye
2/6/2019 2:17:52 PM
User Rank
Guardian
Re: 2FA
@mhhfive probability of  - cellphone lost is very high this days... as cellphone is more like a tool you carry everywhere for me it scarry as all of your life could be opened and viewed by stranger... as with tools you could unlock almost all of the cellphones this days... 

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mhhfive
mhhfive
2/6/2019 1:16:28 PM
User Rank
Guardian
Re: 2FA
There's always a convenience factor that risks less security... I remember when no one had to take their shoes off an an airport.. it was so much more convenient.. but supposedly less secure.

Security theater may not be really secure, but it's never convenient.

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mhhfive
mhhfive
2/6/2019 1:12:26 PM
User Rank
Guardian
Re: 2FA
Mobile banking does seem less secure to me. Perhaps it is an unwarranted fear, but it just seems like having so many security risks on a single handheld device is dangerous. So if some bad guy wanted to hack into my bank account and got ahold of my phone -- my email is connected to my phone. My 2FA is connected to my phone number.. and if my banking was also tied to my phone.. that would be almost everything a bad guy would need. And with all the recent news of "Rooted apps" on phones -- it just seems like a bad idea to put all the eggs in such a convenient basket.

Well, except, I hope, that the bank itself wouldn't allow large transfers of $$$ to random external accounts without some kind of additional checks.... 

But if I ever lost my phone -- that's also an incredible headache to be locked out of important accounts, etc.. 

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Ariella
Ariella
2/5/2019 10:31:12 AM
User Rank
Protector
Re: 2FA
@mhhf1ve what is your particular concern about mobile banking? Do you think it is any less secure than other forms of online payment?

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