I've been thinking a lot recently on issues of privacy vs anonymity particularly with regards to financial transactions. There seems to me to be several gamuts of trade-offs, mostly along the standard security spectrum of authentication vs convenience.
Eg:
Would you rather your bank track your spending habit trends to check for anomalous behavior, or turn a blind eye and not watch for or notify you of possible fraud.
Would you rather the sales clerk check your signature when you use a debit/credit card or use no verification.
Moreover, would you rather write "require photo ID" on the card instead of signing it to add another [or at least a different and maybe slightly more secure] authentication factor, at the cost of increased visibility and divulging more information?
At some fuel pumps I visit, if you run your credit card it will ask you for the issued zip code as if that were some sort of authentication. To me it seems relatively likely that will be the same one as Eve found the card in.
Or would you rather never open a bank account, and pay for everything with the wad of cash that you keep in your boot [like one of my old co-workers]?
Just a few of my thoughts recently.
Yours?
Eg:
Would you rather your bank track your spending habit trends to check for anomalous behavior, or turn a blind eye and not watch for or notify you of possible fraud.
Would you rather the sales clerk check your signature when you use a debit/credit card or use no verification.
Moreover, would you rather write "require photo ID" on the card instead of signing it to add another [or at least a different and maybe slightly more secure] authentication factor, at the cost of increased visibility and divulging more information?
At some fuel pumps I visit, if you run your credit card it will ask you for the issued zip code as if that were some sort of authentication. To me it seems relatively likely that will be the same one as Eve found the card in.
Or would you rather never open a bank account, and pay for everything with the wad of cash that you keep in your boot [like one of my old co-workers]?
Just a few of my thoughts recently.
Yours?
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