aggle-rithm
Ardent Formulist
I have a question about security. I know the prevailing wisdom is that the most secure method of storing a password is with a salted hash, so that it is encrypted in a way that can never be decrypted. What I was wondering is why this is considered a better way to operate than simply encrypting the password with a private key. Is the hash actually more secure, or is it simply more convenient than encrypting/decrypting to verify passwords?
The reason I'm asking is that I recently figured out that my bank knows what my plain-text password is for online banking, and therefore there is no way it is stored in hash form. I'm looking for some insight into how concerned I should be about this.
The reason I'm asking is that I recently figured out that my bank knows what my plain-text password is for online banking, and therefore there is no way it is stored in hash form. I'm looking for some insight into how concerned I should be about this.