My concern with EWC+

Mar 02, 2023 Last reply: 3 years ago 3 Replies
D

One by one, my financial institutions are converting to EWC+. The latest conversion is USAA Savings Bank, as documented in another thread. This has changed my behavior. As of today, I am limiting the amount of money I hold in USAA.



My concern with EWC+ is that quicken.com is a single point of failure. If an attacker is able to access one of my EWC+ enabled accounts via quicken.com, he will surely gain access to all of them. What a disaster.



I have to draw the line somewhere. When EWC+ comes for my brokerage account, I will balk.


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J

If you want to read about the different Connection Types here is a link which includes EWC+.

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J

If you want to read about the different Connect Types here is a link about them.

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B

The difference with EWC+ is that it establishes a connection for quicken to VIEW ONLY. Whereas when you give Quicken your password, you're giving full access.

So in the event of an attacker gaining access, you are limiting their gains to only seeing what you have. Not gaining access to transfer that money.

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