So there is this new site called mint.com where they want you to enter all your banking logins and passwords along with the ones for your credit cards as well. This just seems like a bad idea. I did try it. I added my checking account and thought wow the graphs are great but their auto category feature doesn’t work well and I really couldn’t get past the security issues.

The main issue is they don’t even use two-factor authentication which to me is a big fail on their part. I know most banks use a faux two-factor but its something. Mint could have given away secure id key tags as part of their initial marketing instead of buying good reviews and reccomendations on popular blogs. Another fail on their part is not allowing you to either import a quicken or money file from your bank or to even manually enter transactions. This could have shown people their “cool web 2.0″ interface in a more secure fashion. The last thing I will say is mint.com will be a HUGE TARGET for attacks now as more mainstream people start to use it. All it takes is one determined hacker and maybe a misplaced backup or disgruntled employee and well you are sold to the highest bidder. For me I’ll stick to excel for my budgeting. Its simple and just works for me.

Oh, yeah ING makes it SECURE not difficult mint you should learn something from them.