Submission + - SMS "Text Banking" another privacy risk. Are there others? (citi.com)
People who think that Facebook's (and probably many other companies) wholesale collection of users smartphone text messages is a harmless intrusion might feel differently if they realized the data could include banking information. Written exchanges with Aunt Mary might not reveal much of consequence, but bank account balances, account transfer logs, and lists of transactions are a different matter. Surprisingly, I've never seen this aspect of the problem discussed.
Now I'm wondering if there are other types of sensitive data finding their way into the insecure, unencrypted realm of SMS messaging. I expect that there are Slashdot readers who know. Would anyone care to enlighten the rest of us?
Note: The referenced URL to Citibank's text banking web page is a random sample taken from 371 million Google hits from a search for "text banking service".