18 August, 2006

RBC

I think it's pretty sad that the richest bank in Canada has a) the crappiest looking website, and b) the 'bare minimum' level of encryption for a financial institution offering online banking. Mind you, I don't really care for the tactics of most banks today, though I have found some better than others... choose the lesser evil I guess.

So, since I had the time, here are all of Canada's Banks in descending order of the encryption strengths used on their sites:


Banks with 256 bit encryption:

Canadian Western Bank
Laurentian Bank of Canada
TD Canada Trust
Teachers Credit Union

Banks with 168 bit encryption:
ING (sheesh, the dutch are always different... isn't that vieeeeerd?)

Banks with 128bit encryption:
BMO
CIBC
Citizens Bank of Canada
National Bank of Canada
Royal Bank (RBC)
Scotiabank


If you want a little perspective, even eBay & PayPal use 256 bit encryption. You may or may not find it interesting (I do) that these companies take security more seriously than the wealthiest bank in Canada. Most signing authorities offer 128 bit SSL certificates for about $100/year.

So let us thank the RBC for splurging on its several million customers when it comes to financial security on the Internet. You rock RBC!

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