This is part of a set of security features that banks are implementing to protect against account theft with keyloggers.
The regulatory organization FFIEC published a proposed regulation a few months ago requiring all US banks to use “strong authentication” on any areas that involve high risk or high value transactions (such as bank-to-bank transfers). Expect to see more of this.
I tried a version of yodlee that I thought was horrible, then I searched around a little bit and using a version that I really like, much better than everbank in my opinion and as you said it’s working with treasureydirect. Very nice
Why is anyone complaining about “strong” passwords? The key to creating a password is using several types of characters and with this system numbers, letters, and symbols are all useable characters which is more than adequate for creating a secure password. Beyond that the next thing to take into account when creating passwords is that it is different from the passwords that are on less secure accounts (free online mail, online poker, ebay, ect.) or any other password for that matter. The last thing to think about with passwords is length, at 8 characters hackers can be successful with brute force attacks. This technique becomes much more difficult with more than 8 characters. That being said all these criteria can be met by this system and it adds a dimension that is not added when typing a password into a web text field, which is encryption of the input. So all characters typed with the web-based keyboard are all encrypted before being sent. This is a very important security step considering all of the viruses that are floating around.
To Tim: I stand corrected. When I first tried to login, Firefox filled in the password for me and I mistakenly thought it was done by Roboform. I have since confirmed that Roboform was unable to fill in the password. My apologies.
For those of you who (like me) find this “feature” utterly annoying, you can use Firefox + Greasemonkey and the following userscript to counteract the restrictions on entering your password directly and having firefox remember your account & password. The on screen keyboard is still there and can still be used if desired, and you don’t have to have firefox remember your password if you wish so you really lose nothing but gain a ton of convenience.
i just tried this site and it’s makin me crazy! there’s a balance between security and usability and this site definitely hasn’t found it. if either the organization or the customer needs that much security, they need to figure something else out or not use the web. i’d rather go to a bank and stand in line. you also can’t use previous or next buttons (which i often use without even thinking) else it boots you off and you have to go through the whole login process again.
It’s still much easier than going to the bank. It takes only a few minutes to log in. When I purchase savings bonds at National City, I find that the tellers aren’t familiar with the products they sell. They don’t understand which bonds are sold at face value and which ones are sold at half of face value. I have to explain the parameters to the tellers!
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