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Every time I'm confronted with these types of questions I just roll my eyes and add a 'Mothers maiden name' text entry to my password manager with a 16 digit random string.
"That's correct, my childhood pet's name was 1xs3^&szx!@!24"
Every time I'm confronted with these types of questions I just roll my eyes and add a 'Mothers maiden name' text entry to my password manager with a 16 digit random string.
Earlier quoted context omitted.
> between european bank accounts is free Between European bank accounts in the same country. Also, not every European country, unfortunately. > paper cheques don't exist since over a decade They still do. They're very rarely used, but they can be useful for cases where you want to buy something like a car without changing the card limits.
> Between European bank accounts in the same country. Also, not every European country, unfortunately. As far as I know, it's free between all Eurozone countries. At least I regularly do transactions between countries, and I've never heard it costing a cent.
Also, I've received wrong payments on a German account from French people many times, and they claim it's because their bank charges the transaction and I receive the sent amount minus fees, with no possibilities for them to specify otherwise (that's happened with dozens of different clients, so I'm very inclined to believe them).
Does anyone know the cause of the large and long standing difference in banking in US vs Europe? In europe: -for 15 or so years already, web banking has been with 2nd factor authentication (since its inception I assume). In previous decades we would get devices where you need to type numbers from its lcd screen into the webpage login. Today mobile auth apps are taking over. -I have never seen a bank have security que…
> between european bank accounts is free Between European bank accounts in the same country. Also, not every European country, unfortunately. > paper cheques don't exist since over a decade They still do. They're very rarely used, but they can be useful for cases where you want to buy something like a car without changing the card limits.
Currently there are 34 countries in the SEPA (Single Euro Payments Area): https://en.wikipedia.org/wiki/Single_Euro_Payments_Area
SEPA rules specify that you cannot charge more for transfers between different countries than you would for a local transfer.
https://europa.eu/youreurope/citizens/consumers/financial-pr...
"If the payment is in euros or Swedish krona, they should not charge you more than they would for a national transaction of the same value in euros.
Does anyone know the cause of the large and long standing difference in banking in US vs Europe? In europe: -for 15 or so years already, web banking has been with 2nd factor authentication (since its inception I assume). In previous decades we would get devices where you need to type numbers from its lcd screen into the webpage login. Today mobile auth apps are taking over. -I have never seen a bank have security que…
While most of those points generally are true I'd say that banking in Europe is only marginally better. They still have weird, mostly paper-based processes and decades-old mainframes (though that's not necessarily a bad thing). Not long ago the 2nd factor consisted of a paper slip with enumerated transaction numbers. You'd have a hard time finding a bank that allows you to easily export data to accounting software. A…
* Your bank account is attached to a specific bank branch. Even after we moved across town, we always had to return there, like spawning salmon. Moving it seemed like we were asking them to give their children up for adoption. * The hours they were open were bad even by Italian standards. * Lots of little fees and things. Credit cards cost actual money to possess; compared to the US where you get money back if you use one sensibly.
Every time I'm confronted with these types of questions I just roll my eyes and add a 'Mothers maiden name' text entry to my password manager with a 16 digit random string.
Does anyone know the cause of the large and long standing difference in banking in US vs Europe? In europe: -for 15 or so years already, web banking has been with 2nd factor authentication (since its inception I assume). In previous decades we would get devices where you need to type numbers from its lcd screen into the webpage login. Today mobile auth apps are taking over. -I have never seen a bank have security que…
I've been presenting on these flawed questions for years. In one of my demos, we take a volunteer from the audience and we see how many of the top 10 banking questions we can answer from their public Facebook & LinkedIn profiles. I've never gotten less than 4 or more than 8.. and - as an attacker - I'd take those odds.
Earlier quoted context omitted.
> Between European bank accounts in the same country. Also, not every European country, unfortunately. As far as I know, it's free between all Eurozone countries. At least I regularly do transactions between countries, and I've never heard it costing a cent.
Transfers can be charged, and often are even within the same country. In Spain it is common to have "up to n monthly transfers for free, then you get charged x%". Also, I've received wrong payments on a German account from French people many times, and they claim it's because their bank charges the transaction and I receive the sent amount minus fees, with no possibilities for them to specify otherwise (that's happen…
Sounds like horrible UX -- how would people be able to pay their bills correctly if the sent value doesn't equal the received value?
Does anyone know the cause of the large and long standing difference in banking in US vs Europe? In europe: -for 15 or so years already, web banking has been with 2nd factor authentication (since its inception I assume). In previous decades we would get devices where you need to type numbers from its lcd screen into the webpage login. Today mobile auth apps are taking over. -I have never seen a bank have security que…
While most of those points generally are true I'd say that banking in Europe is only marginally better. They still have weird, mostly paper-based processes and decades-old mainframes (though that's not necessarily a bad thing). Not long ago the 2nd factor consisted of a paper slip with enumerated transaction numbers. You'd have a hard time finding a bank that allows you to easily export data to accounting software. A…
- SMS-TAN, which is vulnerable to SS7 hijacking and name spoofing.
- Index-TAN, aka the enumerated paper slip, which is only "pseudo two-factor": If you computer is pwned, it can ask you for the index matching the attacker's desired transaction.