Navy Federal Credit Union’s Bad Web Security
Navy Federal Credit Union employs the use of bad security because other banks in the industry do the same thing. If one person does something bad then that means it is okay for another person to do the same thing, according to their reasoning.
When I wrote “Many Banks failing to use SSL authentication”, I was surprised to see how many people didn’t get it and actually got angry with me for pointing out a serious security issue with online banking even though all the security experts agree that this is a real serious problem. But even more of a surprise, one of my more astute readers “CitizenW” pointed out to me that Navy Federal has this explanation for their bad security. Now I can understand if some people misunderstood me, but this is an official ignorance from the Bank! If this security hole isn’t fixed immediately, I’m going to keep escalating the situation until they do. Here is my official response to Navy Federal and the people who run their online systems and I am going to send a copy of this letter to their management.
This is a problem that is only going to grow. NFCU does not have anyone on staff which can explain to their management the reasons why their bad decisions are horrible for security, therefore this problem is not going away anytime soon.