this post was submitted on 30 Jun 2026
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[–] MisterFrog@aussie.zone 1 points 2 days ago

Banks have some extremely dubious security practices, and it's seemingly not explicitly regulated (i.e. there are no explicit minimum standards, as far as I can tell)

Bank of Melbourne last I checked (2024) allowed you a MAXIMUM of 12 characters on your password, with like 6 allowable special characters, no 2FA (they had a "second" password of 6 digits...).

And that's it.

No SMS verification either.

Like, wow.

(Could have been updated since then)