I really don't see Mint.com getting hacked, but that is not a good reason to use them and you never know what is going to happen. What most people probably do not know is that mint also says all user names and passwords are kept on Yodlee's servers.
an interesting question asked in the mint forum http://forums.mint.com/showthread.php?t=823 "What liability or insurance does Mint have in the event that Mint is hacked and my financial details are revealed to the attacker, through no fault of my own? " Answer http://forums.mint.com/showthread.php?t=703 "Regulation E, which is a set of rules issued by the Federal Reserve governing electronic transactions(online banking, ATM withdrawals, debit card payments …) limits your liability in most cases to $50 in the event of fraud. Consumers must notify their bank of the fraud within 2 business days. On the third day the liability goes up to $500 and it can be more if notification occurs after 60 days." Mint.com: Great concept, bad execution Opinion. (interesting but not definitive) http://think-smarter.blogspot.com/2007/10/mintcom-great-concept-bad-execution.html If I didn't know so many people using Mint.com, there would definitely be potential for an awesome story if they did get hacked. Chris.. On Tue, Oct 28, 2008 at 5:09 AM, Jeff Lasman <[email protected]> wrote: > On Tuesday 28 October 2008 03:06 am, I wrote: >> On Monday 27 October 2008 04:25 pm, Brian Friday wrote: >> > Ugh... thats not a happy thought.... >> >> What's not a happy thought, to me at least, is that anyone would >> sacrifice their privacy to a "financial advisor" they've only met on >> the 'net. >> >> While mint, themselves, may be okay (and I'm not even 1% sure of >> that), the precedence they set in our minds ... well, big brother's >> already here. > > Here's what their website says > > http://www.mint.com/about/ > > <snip> > Mint is safe and secure online money management: we never know your > identity and we provide bank–level data security. > How Mint works > > CEO Aaron Patzer Explains How to Use Mint's Online Finance Software > Mint is a modern, powerful, easy and secure Web–based solution for > online financial management. And it's free. You register anonymously > using any valid email address, and then add the log–in information for > the online bank, credit union, credit card and investment accounts you > want to consolidate in Mint. > </snip> > > Now how do you get to call that "we never know your identity"? > > Jeff > -- > Jeff Lasman, Nobaloney Internet Services > P.O. Box 52200, Riverside, CA 92517 > Our jplists address used on lists is for list email only > voice: +1 951 643-5345, or see: > "http://www.nobaloney.net/contactus.html"; > _______________________________________________ > LinuxUsers mailing list > [email protected] > http://socallinux.org/cgi-bin/mailman/listinfo/linuxusers > -- "As we open our newspapers or watch our television screens, we seem to be continually assaulted by the fruits of Mankind's stupidity." -Roger Penrose
