re: Dinner with Former NSA head of technology

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No, but the do give a frick about government compliance requirements.

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Oh yeah???????:



TOP FINES PAID BY BANKS OVER THE PAST EIGHT YEARS

Bank /// Symbol /// Cumulative fines ($ billions) /// Revenue TTM ($ billions)

Bank of America /// BAC /// $58b /// $76.0b

JP Morgan Chase /// JPM /// $31b /// $88.1b

Citigroup /// C/// $13b /// $65.1b

Wells Fargo /// WFC /// $10b /// $84.2b

BNP Paribas /// ENXTPA:BNP /// $9b /// $44.8b



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Wells Fargo fined 185$ mIllion and 5300 workers fired

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* FHA insurance claims. Wells Fargo agreed to pay $1.2 billion in February 2016 to settle complaints from the Department of Justice, the U.S. Attorney's Office for the Southern District of New York, the U.S. Attorney's Office for the Northern District of California and Housing and Urban Development over claims associated with the bank's Federal Housing Administration loans between 2001 and 2010.

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Visa and Mastercard interchange fees. Wells Fargo is part of a group of defendants that have agreed to pay $6.6 billion on claims merchants were overcharged for credit card fees or improperly bundled other products. Wells Fargo, in addition to Visa and Mastercard, on July 13, 2012, signed a agreement to settle the allegations.

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Wells Fargo has agreed to pay $10 billion in fines in the past eight years with a vast majority of those being associated with mortgage investigations, says Robert Hockett, professor of law at Cornell Law. The largest of those was a $5.4 billion fine in February 2012, Hockett says.

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Wells Fargo in August 2010 was ordered to pay remediation of $203 million connected to the way the bank processed debit card payments for customers. By allowing a payment to hit the ledger before a deposit, the bank was allegedly able to generate overdraft fees. Several of these cases were still pending at the end of last year.

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Germans


They really seem to give a frick about gov't compliance. And they sound a lot more secure than your credit union.

Perhaps secure from foreign threats. Not secure from self imposed implosion due to illegal and unethical practices. Sounds nice, but no bank "too big to fail" is ever seeing my money. Now I'll use Chase for free rewards. They pay me that way. Otherwise, frick 'em.

I'd take what a former NSA person says with a grain of salt. All they know is what they're told at that level. And they possibly were so inept they let Snowden walk out the door and expose them all. Possible anyway. Assuming they didn't allow it to happen on purpose.

ETA a person who now works for big banks wants to me use big banks? Color me shocked.

Truth. She can go eat the whole bag of dicks. I'll give her a fork to start.

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She stressed this.

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She

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Stopped reading at that point.

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Also something we are all guilty of she said do not use same or similar passwords.

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I write all my passwords down and I come up with the most random passwords. It's less easy to remember a bunch of random passwords, but that's one thing I make sure of... Is a strong password.

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This makes no sense

ABA numbers are public knowledge

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The account numbers aren't.

The account number is not the routing number.

The biggest key is the combination of the account holders name in addition to the matching account.

Anyone can come up with a valid aba + account.

But matching both those to a valid customer and address is more difficult.

you gonna get hack ed

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Do not use a Chinese or russian antivirus software such as kasperski. She stressed this. She said use something like windows defender. 

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It makes me cringe when I see someones computer with all of those bloatware and semi spyware antivirus programs.

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And she said use a software that autogenerates passwords.

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Lastpass is a great one to use.