Why anyone thought this was a good idea, I don't know. Granted, you can't transfer money to OTHER accounts, only "within you account", but someone who breaks into your twitter account can still get a lot of information about you and move your money around causing you serious overdraft fees.
The issue at heart here is that getting information about your account and moving money around only requires the security of your Twitter account (which isn't to say much). How many people put strong passwords on their Twitter like they do the bank? How much effort does Twitter put into their security?
I think the idea of alerts to your phone is kind of cool, but maybe the bank should have set up its own Twitter-like messaging service instead of using a public one that's a big fat target of bad guys already.Tags: Banks, Twitter