News for hackers. Stuff that matters.

A comment on Why Canada’s banks have weaker passwords than Twitter or Google. Parent comment

Re:Why Canada’s banks have weaker passwords than Twitter or ... by UnoriginalGuy on Sunday June 08, 2014 @12:57PM (#7865149)
Right now they use a single password for online and telephone banking. That's why it is numbers only, so people can enter it over the phone.

If they did what you suggest their users would need to setup one pin for telephone and a different password for online access.

So it is in fact for the user experience, but that only makes sense if you remember telephone banking is still a thing.

[ Parent | on HN ]
Re:Why Canada’s banks have weaker passwords than Twitter or ... by aroch on Sunday June 08, 2014 @01:42PM (#7865291)
US banks require you call from the phone number on the account and have you enter your SSN after they match the # to their records. No separate pin needed.
[ Parent | on HN ]
Re:Why Canada’s banks have weaker passwords than Twitter or ... by gefh on Sunday June 08, 2014 @02:02PM (#7865341)
Which is way less secure. Caller id is spoofable, your ss# is known by hundreds of people.
[ Parent | on HN ]