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| Suntan Sid |
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Suntan Sid
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Joined: 07 May 2009
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 Posted: 14:35 - 17 Aug 2015  Post subject: ID theft. My tinfoil hat's not thick enough! |
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You couldn't make this up!
Apparently, our lords and masters, in collusion financial institutions, as yet unnamed, along with Google and Microsoft, have deemed it acceptable to gather everyone's financial data together and store the lot in one, giant, "data vault", FFS!
Allegedly it's going to make it easier for everyone to open new bank accounts etc. 
A whole nations worth of financial data, all stored in one place.
Really, what could possibly go wrong?
Who, in their right mind, thinks this garbage up?
https://www.pressreader.com/uk/the-sunday-telegraph/20150816/281719793318148/TextView
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| CaNsA |
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CaNsA
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Posted: 15:42 - 17 Aug 2015  Post subject: Re: ID theft. My tinfoil hat's not thick enough! |
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| Suntan Sid wrote: | You couldn't make this up!
Apparently, our lords and masters, in collusion financial institutions, as yet unnamed, along with Google and Microsoft, have deemed it acceptable to gather everyone's financial data together and store the lot in one, giant, "data vault", FFS!
Allegedly it's going to make it easier for everyone to open new bank accounts etc.
A whole nations worth of financial data, all stored in one place.
Really, what could possibly go wrong?
Who, in their right mind, thinks this garbage up?
https://www.pressreader.com/uk/the-sunday-telegraph/20150816/281719793318148/TextView |
Ah the glory of "The Cloud" and it's unlimited resources at the expense of security. |
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| Im-a-Ridah |
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Im-a-Ridah
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| Itchy |
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Itchy
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| Im-a-Ridah |
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Im-a-Ridah
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| Robby |
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Robby
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| CaNsA |
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CaNsA
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| Skudd |
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Skudd
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| Posted: 17:21 - 17 Aug 2015 Post subject: |
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They would be buggered trying to nick my money......... I haven't got any 
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| Suntan Sid |
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Suntan Sid
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| Posted: 18:14 - 17 Aug 2015 Post subject: |
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| Im-a-Ridah wrote: | I don't really see the issue, it's about trying to prevent a pensions crisis by encouraging saving. The state pension will probably be abolished within a few decades. It doesn't really change your privacy as its "opt in" and it doesn't increase state power as they can already access bank data. The new service may well be a target for hackers but no more so than existing banks are. It's not as if hackers are turning their nose up at hacking Barclays or HSBC because there's not enough money to steal! |
Well, your looking on the bright side, aren't you!
The pessimist in me is telling me this is the perfect tool for the government to wield, when the UK goes tits up and a bail in/out/default/reset, whatever bollox our paymasters want to call it, kicks in!
None of all that messing around closing banks and cash machines, a la Cyprus and Greece, oh no, just extract the required amount from bank accounts, as in Cyprus, no fuss, bish bosh job done and sweet FA you can do about it!
And of course there's not even the remotest possibility that all this data will be compromised at some point, because HM Government has such a fantastic, unblemished, record when it comes to mislaying , sensitive, personal information!
Anyway no need to worry, it'll be as safe as houses won't it, HSBC as honest as the day is long, FFS!
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| Im-a-Ridah |
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Im-a-Ridah
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| Posted: 19:12 - 17 Aug 2015 Post subject: |
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| Suntan Sid wrote: |
Well, your looking on the bright side, aren't you!
The pessimist in me is telling me this is the perfect tool for the government to wield, when the UK goes tits up and a bail in/out/default/reset, whatever bollox our paymasters want to call it, kicks in!
None of all that messing around closing banks and cash machines, a la Cyprus and Greece, oh no, just extract the required amount from bank accounts, as in Cyprus, no fuss, bish bosh job done and sweet FA you can do about it!
And of course there's not even the remotest possibility that all this data will be compromised at some point, because HM Government has such a fantastic, unblemished, record when it comes to mislaying , sensitive, personal information!
Anyway no need to worry, it'll be as safe as houses won't it, HSBC as honest as the day is long, FFS! |
Not really, I'm unlikely to use this "service".
The service doesn't actually manage accounts in the paying in/taking out sense from what I can see, it just tells you how much you have and owe etc, and lets you share that with banks to simplify opening accounts.
As for the government/HSBC taking money from the account and similar variations on that scenario, the existing structures could already be leveraged to do that, this adds nothing. It couldn't even be used a sort of phone directory of bank accounts because it's opt in and hence incomplete. The bank's own records are complete, and already exist, and can be used to get the money out.
Hacking is also a valid concern but no more so than hacking of the banks themselves. Don't you see how it's irrational to be concerned about the data security of a banking information summary service, but less concerned about the data security of the actual bank? |
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| Kickstart |
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Kickstart
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Posted: 21:05 - 17 Aug 2015  Post subject: |
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| Polarbear |
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Polarbear
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| Im-a-Ridah |
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Im-a-Ridah
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Old Thread Alert!
The last post was made 10 years, 328 days ago. Instead of replying here, would creating a new thread be more useful? |
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If the government wanted to encourage saving it would hike interest rates to 6%. It would make ALL savings tax free and it would not have put into place the fact that people can raid their pension pots.
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