On 05/02/2014 01:33 PM, ianG wrote:
For me the sentence, “I had little choice but to trust X” is perfectly
coherent.


Yes, that still works.  It is when it goes to "no choice" that it fails.
  For example, I have no choice but to use my browser for online banking.
  I'm too far from a branch, and their phone service is mostly about
telling me how to use the browser.

We must live in very different parts of the world, though. In Germany, if I am doing online-banking, I have to follow the rules set by the bank. The bank requires me not to pass the PIN to anybody, to check the browser status bar, to protect my TAN list, etc. All that good stuff.

But I don't have to trust it. When I follow the rules, and my money is stolen, the bank has to put up for it. I am in the clear (minus the paperwork).

So, I don't have to trust it, I just have to use it as it is provided to me. Moral dilemma avoided.

For the bank, the story is a different one altogether. They don't care about IT security, or security research, or PKI, or CA, or browsers, or the users, or the meaning of the word "trust". They care about profit margins and fraud quota, and if the fraud gets too much they ask a simple question: "What can we do that costs us as little as possible to get the fraud quote down to the X percent that we allow?" And if that means bumping the key size from 1024 to 1025 bits, then we get 1025 bits until the next bump.

So, frankly, what's the big deal? We have credible end-to-end security story lines if your life depends on it (ask Snowden). For everything else, we have a bunch of patchworks, and insurances, and adjustable tolerances to protect against fraud. Not absolutely, but enough to keep the machine running. From a manager perspective, all is good and dandy, and nevermind the pain that is endured by the workers in the engine room.

As long as you live in a country that makes the people responsible for the system pay for any damages, it's just not that big a deal, unless you are passionate about IT security, or are suffering from some other illness to similar effect :).

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