[FRIAM] Pardon the interuption, for questions about banking apps

[glen]

The paper check isn't the important thing anymore. It's the numbers and the security features (Microprint, SecurityWeave, etc.). All the exchange happens between the institutions. Even signatures don't really matter anymore. So what matters about the security between you and the bank is more about your identity than it is about your money (which is only a virtual set of virtual numbers). How much money you have is socially constructed, purely virtual (even in the case of gold buried with your go-bag out in the desert - you do have a go-bag buried nearby don't you? 8^D ). But your identity is still somewhat *real*.

I'm too ignorant on the bank-to-bank infrastructure to suggest ways it might be compromised. Maybe someone else can add detail there. But the real question is: Why are you using BofA? I mean, loads of passive investing rent-seekers will *thank* you for allowing them to suck money from you into their accounts (2.87% dividends for BAC!). Why not use something more local?

On 9/30/22 07:34, Gillian Densmore wrote:
> Mmm BofA  for good or ill isdropping brick and mortar banks entirely. You can't even do much without finger print id.  On me and my rides sides of things going to any bank, even BofA isn't naturally within our paths (insert humours pun about traveling salesman and having to sale around...ok so that was a stretch)
> I would hope that banks encrypt traffic. but then again...they were prone oddly specific, deep  things like intercepting traffic by there...computer monitors. As far as I know that's been patched into the age of the dodo's
> I thought because banks use p2p and blockchains for connections that (in theory) provided they have a oops fat finger that'd be slightly less risk than when a human is in the loop (security wise). Human can  remember user passwords, but if a computer is asked to store those in a encrypted DB, not a chance short of a massive attack that's problem
> But you say the week area is on your cellophane? I have no idea how that works, but it's not surprising.
> I think fam (ie Mum)  is more concerned about basic user experience. rather than deep AF schenigans.  LoL I love my mom, but I made the mistake of pointing out that as long as groups like anonymous, poodlesec etc around...don't put something on the internet where you'd be super screwed...but theire's....
> She heard: two parts: Don't put. and screwed. LoL, man I just meant that their'd be a spectrum. Me, you(Glen) fam, and i'd guess short of folks on the list in redicously deep goverment orgs  or coded NDA, super dooper euphamism speach tricks. Just not that important. ie unless your pretty public target? not a chance.  But then I also got curius, how exactly do these banking apps do deposits by check. What common things go wrong? is security between me and the banks good 'nuf?
> 
> On Fri, Sep 30, 2022 at 8:15 AM glen <gepropella at gmail.com <mailto:gepropella at gmail.com>> wrote:
> 
>     Well, I'd recommend against doing any banking on your phone, or doing anything important with it. But if you must, do it on an exclusive device that doesn't automatically send everything to Google or Apple, doesn't automatically connect to every coffee shop wifi, etc. Make sure the whole phone is encrypted. Don't carry it everywhere *or* have 2 that are cloned so when a skateboarder whips by and grabs it out of your hand, you can run home and lock everything down with the clone. Use another phone for arbitrary plebe things like selfies and Telegram. Use aliases. If they don't know your real name, they can't steal your ID.
> 
>     Or, just don't do anything important on your phone. If it's important, there are other, better, ways to do it.
> 
>     On 9/29/22 17:07, Gillian Densmore wrote:
>      > I just recently got more of a proper bank account with BofA after a 'misshap'  with a cashcard. Keeping it relevant to Friam I think family has some umm mmm concerns about data security, and...ok so what they really would like to know for using the apps to make deposits by check. is How likely is it for things to go sideways and suddenly deets from the check, everyone that might cares knows.  I suggested to them: we aren't /that / important. someone like Poodlesec, or lolPHPsec isn't going to find me interesting enough to bother. If or when they  turn a places electric security into the consistency of /dev/null or worse. We're so screwed by then anyway.
>      > Short of that: what's been folks experience? are they reasonable secure?  Personally I'd think i'd be more likely to run into problems from fat fingering something. Than a check going poof, but that'd still suck.
> 

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