Banking Follies

[John Ioannidis]

On Sun, Jan 14, 2007 at 03:31:22PM -0500, Steven M. Bellovin wrote:
> On Sat, 13 Jan 2007 18:26:52 -0500
> John Ioannidis <ji at cs.columbia.edu> wrote:
> 
> > Citibank send me periodic reminders to switch to an electronic-only
> > statement so that I am "better protected against identity theft".
> > 
> The advice may actually be correct, though of course they have a major
> financial incentive to persuade you to adopt the scheme even if it
> isn't.
> 

Until they start electronically signing and timestamping their
electronic statements, I would much rather have a paper trail from
them than from my printer, so that when they (inevitably) screw up my
account, it won't be just my printouts against their infallible computers.

/ji

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