Your Bank Knows More Than You Think

Your Bank Knows More Than You Think

Privacy advocates are always looking for alternatives to banking. Here's why.

Your Bank Knows More Than You Think

This is Part 1 of a 3 part series on financial privacy. Make sure to sign up to get Parts 2 & 3 delivered straight to your inbox.

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Protecting your financial privacy is one of those topics that never goes out of style in the privacy community. I still regularly get questions about it in Q&As, my inbox, or just see them being asked in online forums.

While I strongly object to the belief that privacy is dead, I do readily concede that total privacy is becoming harder and harder to accomplish.

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For example: you could choose to pay your power bill in cash for maximum privacy, but this requires going down to one of their payment centers in person and you're guaranteed to be caught on some kind of camera at some point during that trip - either a Flock camera, Ring doorbell, or security camera in the bus while in transit or the security cameras at the facility while making your payment.

Much like every other facet of life, financial privacy is not about being perfectly anonymous, but your threat model and the balance between maximum privacy and sustainability/convenience.

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