FNB backtracks on decision to block password managers

[Jamie McKane]

FNB backtracks on decision to block password managers

FNB recently implemented a new policy on its online banking portal which prevented users from pasting their passwords or using their browser's auto-fill function to complete their login details.

The company has backtracked on this decision following backlash from tach-savvy users, however, as these customers pointed out that preventing the use of password managers made their banking details less secure.

 

[My_King]

Jip and remember even MIcrosoft recommends you dont change your passwords.

Microsoft Recommending Non-Expiring Passwords to Office 365 Customers

Microsoft is notifying Office 365 customers of their recommendation to turn off password expiration for their Office 365 and Azure AD user accounts.

practical365.com

I will in fact keep on changing my passwords and not use password managers

 

[ArmatageShanks]

Jip and remember even MIcrosoft recommends you dont change your passwords.

Microsoft Recommending Non-Expiring Passwords to Office 365 Customers

Microsoft is notifying Office 365 customers of their recommendation to turn off password expiration for their Office 365 and Azure AD user accounts.

practical365.com

I will in fact keep on changing my passwords and not use password managers

Best thing about a password manager is that you can have a password like

sdlgnsogihzskdgbrdg65dh4g61hb54fg65n1sf35c15b65g46543bn21sf65hb1s3d2f1b3
zxd1v3xhb35xf1b3s51dhgb65sx1hb31bh65rtst1hb1xh3bn1rf65ghn32h1b651n31bn

and not need to worry about remembering it.

 

[backstreetboy]

 

[My_King]

Best thing about a password manager is that you can have a password like

sdlgnsogihzskdgbrdg65dh4g61hb54fg65n1sf35c15b65g46543bn21sf65hb1s3d2f1b3
zxd1v3xhb35xf1b3s51dhgb65sx1hb31bh65rtst1hb1xh3bn1rf65ghn32h1b651n31bn

and not need to worry about remembering it.

Yeah unless someone gets hold of that password and key you used then all your passwords are in one easy place

 

[Jet-Fighter7700]

Best thing about a password manager is that you can have a password like

sdlgnsogihzskdgbrdg65dh4g61hb54fg65n1sf35c15b65g46543bn21sf65hb1s3d2f1b3
zxd1v3xhb35xf1b3s51dhgb65sx1hb31bh65rtst1hb1xh3bn1rf65ghn32h1b651n31bn

and not need to worry about remembering it.

problem comes is you need to remeber the master password, and you need to have the password manager loaded on the device one uses.

 

[ArmatageShanks]

Yeah unless someone gets hold of that password and key you used then all your passwords are in one easy place

Hmmmm you have a point there.

 

[My_King]

Hmmmm you have a point there.

But who has access to both?

 

[Sinbad]

Yeah unless someone gets hold of that password and key you used then all your passwords are in one easy place

2fa on the password safe. Easy.

 

[ArmatageShanks]

But who has access to both?

Hmmm

2fa on the password safe. Easy.

Yeah useful that. Setup multiple types in case you lose your phone or whatever you are using for it.

 

[My_King]

2fa on the password safe. Easy.

LoL I also dont want to work to get my password. I will just remember my password.

Like I mentioned earlier, good on FNB....I shall continue to do stuff my way.

If PlayStation is hacked again and the pests try to use my account after 30 days they will not have access. Passwords on my side keep changing every 30 days.

 

[My_King]

Hmmm

Yeah useful that. Setup multiple types in case you lose your phone or whatever you are using for it.

Jip, wasnt sarcasm, rarely that some cockroach has access to both, but I rather not take the risk

 

[ArmatageShanks]

LoL I also dont want to work to get my password. I will just remember my password.

Like I mentioned earlier, good on FNB....I shall continue to do stuff my way.

If PlayStation is hacked again and the pests try to use my account after 30 days they will not have access. Passwords on my side keep changing every 30 days.

2fa with your phone is quite handy, it just pops up and you click yes or no, that's it.

 

[MrGray]

Yeah unless someone gets hold of that password and key you used then all your passwords are in one easy place

The decent password managers have some kind of 2FA.

 

[My_King]

The decent password managers have some kind of 2FA.

And now I wonder how many people actually use that feature.

And I'm sure FNB would not know either.

 

[Urist]

an 4fr1k44n$ $3n73nc$ l337 sp34k w0rk$ 4 m3

 

[cda]

"it also places users at an increased risk of phishing"

This guy sounds like a moron who has never used the software he's talking about. Password managers reduce the risk of phishing because their entries are bound to a specific domain and automatically know it's the wrong domain or invalid cert.

 

[Bryn]

And now I wonder how many people actually use that feature.

And I'm sure FNB would not know either.

Probably a good percentage. If you're signing up with a password manager then you take your security more seriously than most. Which means you're also more likely to make the small extra effort to enable 2FA.

 

[Urist]

I think they just got inundated with people who forgot their passwords.

 

[deweyzeph]

Well that didn't last long. At the very least this whole debacle has ignited a much needed debate around password security and the role of password managers.