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 > Quicken - some info that may be new to you

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VE3ESN

Ontario, Canada

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Joined: 03/08/2002

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Posted: 02/01/12 07:40am Link  |  Quote  |  Print  |  Notify Moderator

Well, call me old-fashioned, but I still use MS Money for our financial records. Microsoft no longer supports it as it has been discontinued. As a result, it has no on-line capabilities, which is fine by me.

Me thinks it's foolhardy to trust a so-called "secure server" used by Quicken/Intuit. The following link shows how hackers can get into sites that are probably more secure to begin with than anything that Quicken uses:

Saudi Arabia & Israeli Hacking Activities


Jerry & Susie
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Robin1953

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Posted: 02/01/12 08:03am Link  |  Quote  |  Print  |  Notify Moderator

This whole thread reminds me of when I was told by my boss to make his computer system 100% secure. I told him that I had to pull the electrical/network connections and shove the computer in the newly constructed vault to do that. He declined to make it 100% secure. As I told him that the best one could do was to make it so hard to hack that they would give up and go somewhere else. The only advice that I would give is if you are not comfortable with using any computer system or instutution that uses computer systems...don't use them. If it is a computer it is subject to continual bambardment by hackers.


Robin Brumfield
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magicbus

LBI, NJ or Nantucket, MA

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Posted: 02/01/12 08:22am Link  |  Quote  |  Print  |  Notify Moderator

Robin1953 wrote:

...The only advice that I would give is if you are not comfortable with using any computer system or instutution that uses computer systems...don't use them. If it is a computer it is subject to continual bambardment by hackers.
Sage advice to be sure, but there is also using technology to extent that conforms to one's comfort level. While you may be secure giving out copies of your usernames and passwords to your financial accounts, others are not. The thought of handing them over to someone else such as Intuit just seems senseless to me, no matter how good their security purportedly is. But that's my opinion, as you said, if you aren't comfortable, don't do it. I don't.

BTW, Click here for an interesting read. It was 4 years ago, no damage done because it was a test, but interesting that a backdoor exists (or did at the time) to Quicken password decryption. They are probably more secure now...

Dave


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tempforce

Pacific Wonderland (in the summers)

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Posted: 02/01/12 11:46am Link  |  Quote  |  Print  |  Notify Moderator

if your worried about quicken servers getting hacked. stop using the service or buy security insurance like life lock.


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daamac

Texas

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Posted: 02/01/12 11:50am Link  |  Quote  |  Print  |  Notify Moderator

Quicken software offers another way to automate transaction downloads that does not (I don't believe) involve storing data on Quicken servers, and that is Direct Connect, which can be used with One Step Update. For some reason, my Credit Union uses Express Web Connect, which uses a Quicken server to store transactions and passwords.

I've asked my Credit Union to consider converting to Direct Connect. Of course, you can go to your financial institution's web site and download a file for input into Quicken as a way to avoid storing data on Quicken servers, if you want to.


David Retired
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fj12ryder

Platte City, MO

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Posted: 02/01/12 06:23pm Link  |  Quote  |  Print  |  Notify Moderator

VE3ESN wrote:

Well, call me old-fashioned, but I still use MS Money for our financial records. Microsoft no longer supports it as it has been discontinued. As a result, it has no on-line capabilities, which is fine by me.

Me thinks it's foolhardy to trust a so-called "secure server" used by Quicken/Intuit. The following link shows how hackers can get into sites that are probably more secure to begin with than anything that Quicken uses:

Saudi Arabia & Israeli Hacking Activities

Don't feel like the Lone Ranger, I'm still using MS Money 2002. All I need is a decent checkbook type program and Money fills the bill just fine. I do all my own downloading of files and it sure isn't that big of a deal IMO.


Howard and Peggy

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dshinnick

Mission Viejo, CA USA

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Posted: 02/02/12 09:23am Link  |  Quote  |  Print  |  Notify Moderator

I won't use Mint or any other service which stores my bank credentials. I just keep waiting to hear that the unhackable sites have, indeed, been hacked.

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