Reply to How do you trust Mint?

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[quote=Anonymous][quote=Anonymous]Same way I trust the bank.  I have no reason to believe that someone who works at Mint is less honest than someone who works for my bank, and by that I mean the subcontractor that no doubt handles all of the electronic information for the bank.  Plus, you can't use Mint to transfer money.  You are a t greater risk using your credit card at a restaurant.[/quote]

I understand that you can't move money using Mint.  But Mint has access to your username and password to all of your financial accounts.
If a hacker were able to retrieve username/passwords to your bank/brokerage, they would be able to transfer funds.

If a hacker were to get into your bank, they could have access to that 1 account from you.  Bad, but people usually have multiple accounts.
If a hacker were to get into your Mint information, they could have access to all of your accounts; devastating.

And these security breaches do occur.  From a quick search here are 2 where 50 million+ passwords were compromised:
http://arstechnica.com/security/2013/04/why-livingsocials-50-million-password-breach-is-graver-than-you-may-think/
http://www.bbc.co.uk/news/technology-21644317

I still think it introduces too much risk.

[/quote]

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