bigfoot12
Member of DD Central
Posts: 1,817
Likes: 816
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2FA
Jan 27, 2019 13:14:53 GMT
Post by bigfoot12 on Jan 27, 2019 13:14:53 GMT
If you are that concerned dont invest in P2P put your cash in a bank. Good luck with that. At least 2 of my banks have 2FA using texted numbers, as do HMRC when you declare the interest, and if you go for National Savings you might find that is the same, as others have mentioned one of my credit cards is starting 2FA for all online purchases from next month, another credit card already does for larger than average purchases. I would have thought a random Bitcoin market place was much higher up the list of things not to trust than AC, whether or not they use 2FA.
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Post by hammertime on Jan 27, 2019 15:18:21 GMT
Its simple then dont invest in A/C go somewhere else and stop moaning.
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btc
Member of DD Central
Posts: 193 
Likes: 132
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2FA
Jan 28, 2019 2:20:28 GMT
Post by btc on Jan 28, 2019 2:20:28 GMT
Its simple then dont invest in A/C go somewhere else and stop moaning. That's a foolish thing to say, to stop investing with AC I would have to take my cash out. Give yourself a pat on the back as it would mean that I have to set up 2FA
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2FA
Jan 28, 2019 7:49:18 GMT
Post by chris on Jan 28, 2019 7:49:18 GMT
Its simple then dont invest in A/C go somewhere else and stop moaning. That's a foolish thing to say, to stop investing with AC I would have to take my cash out. Give yourself a pat on the back as it would mean that I have to set up 2FA You can talk to customer services and request that they close your account. There is an established procedure for that, which may not be ideal but will avoid the need to set up 2FA if that's really such a priority for you. I don't understand your concerns around 2FA though. There have been a couple of posters with legitimate concerns due to overseas travel and the difficulty of remaining connected etc., and for those people customer services may still be able to help with some alternate suggestions, but outside of that your account is more secure with 2FA than without. You still have your password to protect you as your first factor, and if you set up the Authy app with your fingerprint for authentication then even if you don't properly secure your phone or someone grabs it whilst it's unlocked then they'd still need to authenticate within Authy. The only example you gave for 2FA failing to protect users is an example where the service itself was compromised, which has nothing to do with 2FA.
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bg
Member of DD Central
Posts: 1,368
Likes: 1,929
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Post by bg on Jan 28, 2019 8:01:12 GMT
The only downside to 2FA is that it's a bit more hassle when you need to withdraw funds (or sell at a discount).
It does not add security risk, it reduces it. If someone did hack Authy then they can't access our AC accounts, they would also have to also hack AC for that (which they would have to do if AC didn't use 2FA). Even then you can't withdraw a large amount from your AC account without first fielding a call to make sure it's you (so they would also have to access your phone).
Seems to me the risk the OP is worried about is just being hacked full stop. There is a way to mitigate this, stop using the internet/telephone's. Revert to a branch only bank account.
The one thing I would criticise AC for is not having linked bank accounts for each user. That should have been a bigger priority than 2FA. It is a risk making people type their account details in every time they withdraw, just human error nevermind security. With linked bank accounts, even if someone hacks my account I'm not overly fussed - they can happily withdraw any funds I have into my own bank account.
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lara
Posts: 345
Likes: 300
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Post by lara on Jan 28, 2019 8:13:56 GMT
The one thing I would criticise AC for is not having linked bank accounts for each user. That should have been a bigger priority than 2FA. It is a risk making people type their account details in every time they withdraw, just human error nevermind security. With linked bank accounts, even if someone hacks my account I'm not overly fussed - they can happily withdraw any funds I have into my own bank account. I agree. Linked accounts are supposed to be coming any time now. chris, what's the latest please?
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2FA
Jan 28, 2019 9:12:45 GMT
Post by chris on Jan 28, 2019 9:12:45 GMT
The one thing I would criticise AC for is not having linked bank accounts for each user. That should have been a bigger priority than 2FA. It is a risk making people type their account details in every time they withdraw, just human error nevermind security. With linked bank accounts, even if someone hacks my account I'm not overly fussed - they can happily withdraw any funds I have into my own bank account. I agree. Linked accounts are supposed to be coming any time now. chris , what's the latest please? Have a meeting at 14:30 today to discuss the release plan. 2FA was a pre-requisite, and as that's mandatory for all now we can press ahead with the designated bank account release.
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lara
Posts: 345
Likes: 300
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2FA
Jan 28, 2019 9:37:00 GMT
Post by lara on Jan 28, 2019 9:37:00 GMT
I agree. Linked accounts are supposed to be coming any time now. chris , what's the latest please? Have a meeting at 14:30 today to discuss the release plan. 2FA was a pre-requisite, and as that's mandatory for all now we can press ahead with the designated bank account release. Great, thanks! Please let us know the outcome.
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2FA
Jan 28, 2019 12:45:44 GMT
Post by hammertime on Jan 28, 2019 12:45:44 GMT
Just use one designated bank account and there you have it already.
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2FA
Jan 28, 2019 19:07:09 GMT
Post by chris on Jan 28, 2019 19:07:09 GMT
lara - meeting ended up being pushed back to tomorrow 
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lara
Posts: 345
Likes: 300
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2FA
Jan 29, 2019 9:04:15 GMT
Post by lara on Jan 29, 2019 9:04:15 GMT
lara - meeting ended up being pushed back to tomorrow Thanks!
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2FA
Jan 29, 2019 10:26:56 GMT
chris likes this
Post by investor1925 on Jan 29, 2019 10:26:56 GMT
Funny, I had a chap used to sit next to me at work who was so paranoid about being scammed that he wouldn't even order stuff over the phone if he had to read out his bank card details, never mind order on the net. His initials weren't btc though. A security friend of mine once said that a determined thief/scammer etc could always get at your cash/property/car eventually. What you have to do is put so many barriers in their way that it takes too long or difficult to do & they get detected before it happens. What AC have done with 2FA is just put in one more barrier, which is no real hardship. Not perfect, but then nothing is.  |
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2FA
Jan 29, 2019 12:50:08 GMT
Post by hammertime on Jan 29, 2019 12:50:08 GMT
Well said.
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2FA
Jan 29, 2019 20:35:31 GMT
Post by chris on Jan 29, 2019 20:35:31 GMT
lara - meeting ended up being pushed back to tomorrow Thanks! Meeting pushed back to Friday.
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lara
Posts: 345
Likes: 300
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2FA
Jan 30, 2019 6:03:07 GMT
Post by lara on Jan 30, 2019 6:03:07 GMT
Meeting pushed back to Friday. I shall wait with bated breath! Thank you!
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