Is Arbiter Pay secure?

[LMSANS]

USABL in NJ has decided that they are going to pay through ArbiterPay.  A couple of friends have raised questions about the security related to ArbiterPay. Is it a safe place to store your SSN and bank account info?

 

[udbrky]

It's https, so probably about as secure as your average account site.*

 

*I'm not a cyber security expert, your mileage may vary.

[maven]

It's somewhere between your bank's website and that sheet of paper with your name, SSN, and DOB that you leave lying around a dugout to get paid.

Arbiter had some security issues with passwords, but they've taken steps to become more secure. Actually using the website is encrypted, so it's as secure as anything going over the interwebs.

[lilleaguer]

Frankly, there's no way to know without a security audit. HTTPS means that you are at least a little protected from third parties getting the information directly, but we don't know anything about their internal security and how well they protect your information from their own employees and possible hackers.

[kanedog]

I was given a great tip of opening a Capital One 360 account, which is free, and tying that to ArbiterPay.  Then transfer the money from Capital One to you normal banking account.  This way only the Capital One account can be compromised which will have nothing in it.  

 

There is nothing you can do about the SSN.  I like it better than a 16 year old kid with my address, SSN, DOB.

[LMSANS]

12 hours ago, maven said:

It's somewhere between your bank's website and that sheet of paper with your name, SSN, and DOB that you leave lying around a dugout to get paid.

Arbiter had some security issues with passwords, but they've taken steps to become more secure. Actually using the website is encrypted, so it's as secure as anything going over the interwebs.

As always, Maven hits it on the head.  This is what I reminded my friend about.

Thanks everyone.