Comment Re:Who thinks mobile devices are secure? (Score 1) 85
Banks think mobile devices are secure.
Are you inferring that since they let you use a mobile device that they think they're secure?
This is the same group of organizations that will allow you to withdraw cash if you know a four digit code that hasn't been changed in the account holder's entire lifetime. The same group of organizations that will allow you to ACH transfer funds from an account because you know the account number and routing number, which are both on every check they hand out.
BTW, none of the things in the previous paragraph are enough to secure a transfer of funds. Banks always have additional assurances. They cash checks because they don't really cash them, they put them in holding status until they get confirmation from the other side. They allow ACH transfers because they know exactly who is performing them and have a lot of legal leverage to recoup any lost funds. They allow fishy (to a certain extent) credit card transactions because they charge enough interest to eat the losses. They allow teller withdrawals because they have cameras and the FBI will actually go after those who commit fraud.
90% of bank security is invisible to the public. It annoys me when people say "We can do this, my bank does it and they consider it secure." You almost certainly aren't doing what your bank does from a larger perspective.