[17589] in cryptography@c2.net mail archive
Re: WYTM - "but what if it was true?"
daemon@ATHENA.MIT.EDU (Victor Duchovni)
Mon Jun 27 17:34:23 2005
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Date: Mon, 27 Jun 2005 15:47:20 -0400
From: Victor Duchovni <Victor.Duchovni@MorganStanley.com>
To: cryptography@metzdowd.com
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On Mon, Jun 27, 2005 at 09:58:31AM -0600, Chris Kuethe wrote:
> And now we have a market for cracked "trusted" banking clients, both
> for phishers and lazy people... it's game copy protection wars all
> over again. :)
>
Well cracking the bank application is not really in the user's interests
in this case. My view is, that when the banking application delivery
platform becomes cheap enough (say $50 or less), it will make sense for
the bank to provide a complete ATM system (sans cash) to each user.
The personal ATM appliance should be difficult to tamper with and should
accept only a single set of accounts (so that stolen pin numbers are not
portable)...
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