Oaken - is Flinks to be trusted?? | Page 3 | Oaken Financial | Discussion forum

canadian.100 said

I think CIBC is probably more interested in protecting CIBC from any liability. A systems/informatics expert who I know well told me a while ago that he doesn't consider online banking truly secure (and avoids it when possible). So perhaps Flinks may not hold any more risk than general use of online banking.  

Absolutely, CIBC is using this to cover their liability. As would every other FI. If the banks don't trust the intermediaries, then I'm not going to (why some use them but disavow is another topic). Flinks may not be more risky than everyday online banking but my take is that using them is another potential point of enter for bad actors.

Anyway, to each their own risk assessment. I was merely trying to present my own grounds for not trusting a third party and I'd point out the hard evidence comes only after the fact.