Interactive Brokers: STP With 1 Week Notice?

[petteri]

Quote from jimrockford:

No, it is not a stupid policy. Yes, others have access to your dob and mother's maiden name, but adding that extra layer of security of requiring that information does greatly reduce your security risks. Try thinking about it a little.

When customer has secure device challenge-response authentication in addition with email notification is enough.

Mother's maiden name or equivalent does not give any additional security.

With bare userid/passwd authentication situation is different.

 

[dhpar]

Quote from jimrockford:

No, it is not a stupid policy.

so why is IB the only financial institution (I know of) that has security set up this way? In any bank a security consists at maximum of username/password/STP.

 

[infolode]

Quote from dhpar:

so why is IB the only financial institution (I know of) that has security set up this way? In any bank a security consists at maximum of username/password/STP.

That was then....

I'll agree it is a pain in the ass and the deadline window is absurd.

"Times are a chang'n".