alt Hacker NewsIf you're bored, have Claude pull apart your APK and do a privacy report.
Your banking app is almost certainly using a company like (horrible and evil) Yodlee, which is given data by your banking app under the guise of "organizing your transactions into categories". Yodlee then quickly de-anonymizes it, by the identifiers which are identical and given to firebase, and various other orgs. Yodlee has been caught doing this before, and they still operate.
Lots of other companies do this, so if your banking app has any callbacks to anywhere but the bank itself, it's nothing but trouble.
After deanoymoization, such data is of course sold to everyone, including intelligence agencies, domestic and foreign.
Replies
So yeah that sucks, but... what does that have to do with the concerns being discussed here?
Digital banking in some form is pretty unavoidable for me unless I want a "live in the woods" type lifestyle and all the consequences of it. And I don't even live in the UK where they've embraced it more. My mortgage was sold to a very distant company and we've had mail problems. My dog recently needed middle of the night surgery and they wouldn't start without payment that exceeded normal cash reserves + daily.
Yes, all these things suck, but shooting digital banking in the knee without a solution to all that isn't helpful.
What does this have to do with the claim at hand which is ‘we need to keep our comms infrastructure secure because critical things like the primary way our population conducts economic transactions depend upon it’?
That you find the population’s choice to use such mechanisms questionable, or that you think it is foolhardy to do so, does nothing to disobligate the government from trying to keep that infrastructure up and running.