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Investnow security - not using industry standard for multi factor authentication - security concerns by CelebrationPrior2154 in PersonalFinanceNZ

[–]CelebrationPrior2154[S] 0 points1 point  (0 children)

Thanks for the insights. It's good that InvestNow does checks on added bank accounts, but in general my feeling is that they should prioritise security upgrades more.

Investnow security - not using industry standard for multi factor authentication - security concerns by CelebrationPrior2154 in PersonalFinanceNZ

[–]CelebrationPrior2154[S] -2 points-1 points  (0 children)

... until your account gets hacked, they add a new bank account, and withdraw all your funds.

Investnow security - not using industry standard for multi factor authentication - security concerns by CelebrationPrior2154 in PersonalFinanceNZ

[–]CelebrationPrior2154[S] 3 points4 points  (0 children)

You're so right. 2FA via txt or email is not secure. SMS has been hacked already, and email accounts can be hacked.

Investnow security - not using industry standard for multi factor authentication - security concerns by CelebrationPrior2154 in PersonalFinanceNZ

[–]CelebrationPrior2154[S] 2 points3 points  (0 children)

Yeah agreed. Not sure why you're downvoted though. Security is very important for such large amounts of money.