Ok, so somehow my romate and I got into a discussion about credit cards. He refuses to get a card fom some bank, something like bank of america or whatnot, thats not important.
He refuses to use them becasue they only use 4 digits, all numbers, for their online system. Now, thats a crapy way to have passwords online, I understand this of course, but its not like they wouldent lock your account if you just started guessing every combo.
The reason he wont use it is becasue he is afraid that the bank will get hacked and get the hashes of some of the passwords, and then since the password is so simple it'll take no time to get the password.
I know what your thinking, no big deal? what can they do with your online password for your credit card? And even if they do your not responsible for charges you dont make!
Here is his theory, the bank gets hacked and they dont know about it. He dosent notice that small little "charges" (not sure how they do that online) are appearing on his account and he never notices.
Eventually its discovered, but somehow the back has no idea when it happened so hes afarid he'll have to pay for the charges! Crazy Right?
I know what your thinking! whats the difference between a good pw and a bad one, your not responsible and if they have it more than a week before being discovered then they could have craked your PW already!
I have no idea what hes thinking, but he thinks that if they dont discover they have been hacked for 2 weeks, that somehow its better that it took a week for them to figure out the password other than right away. Either way they can make the charges! But of course he thinks the bank will never know when they where hacked! so they wont know which charges are his and which are fraud!
Now the thing that really gets me is that he thinks he'll never notice the charges, that can only be made ONLINE mind you, because they will make them apear the same (or at least close) to stuff he already charges. ($5 to BK here, $7 at a gas station here, you get the idea)
OK, I'm done.
(/rant)
He refuses to use them becasue they only use 4 digits, all numbers, for their online system. Now, thats a crapy way to have passwords online, I understand this of course, but its not like they wouldent lock your account if you just started guessing every combo.
The reason he wont use it is becasue he is afraid that the bank will get hacked and get the hashes of some of the passwords, and then since the password is so simple it'll take no time to get the password.
I know what your thinking, no big deal? what can they do with your online password for your credit card? And even if they do your not responsible for charges you dont make!
Here is his theory, the bank gets hacked and they dont know about it. He dosent notice that small little "charges" (not sure how they do that online) are appearing on his account and he never notices.
Eventually its discovered, but somehow the back has no idea when it happened so hes afarid he'll have to pay for the charges! Crazy Right?
I know what your thinking! whats the difference between a good pw and a bad one, your not responsible and if they have it more than a week before being discovered then they could have craked your PW already!
I have no idea what hes thinking, but he thinks that if they dont discover they have been hacked for 2 weeks, that somehow its better that it took a week for them to figure out the password other than right away. Either way they can make the charges! But of course he thinks the bank will never know when they where hacked! so they wont know which charges are his and which are fraud!
Now the thing that really gets me is that he thinks he'll never notice the charges, that can only be made ONLINE mind you, because they will make them apear the same (or at least close) to stuff he already charges. ($5 to BK here, $7 at a gas station here, you get the idea)
OK, I'm done.
(/rant)
