Category Archives: Financial Data Exchange

The Risk of Weak Online Banking Passwords

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If you bank online and choose weak or re-used passwords, there’s a decent chance your account could be pilfered by cyberthieves — even if your bank offers multi-factor authentication as part of its login process. This story is about how crooks increasingly are abusing third-party financial aggregation services like Mint, Plaid, Yodlee, YNAB and others to surveil and drain consumer accounts online. Continue reading The Risk of Weak Online Banking Passwords→

Financial industry unites to enhance data security, innovation and consumer control

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Financial institutions, fintech firms and industry groups launched the Financial Data Exchange (FDX), a non-profit organization to unify the financial sector around the secure exchange of financial data. FDX will address common challenges around the wa… Continue reading Financial industry unites to enhance data security, innovation and consumer control→