Hey Safefunds: “Non-standard” does not mean “more secure”
There’s a company called Safefunds, which is essentially a transaction-escrow service. Since you are giving them potentially large sums of money, and quite literally banking on their security to protect the transaction, the following statement on their site is somewhat troubling:
The Safefunds’ patent pending system uses a non-standard computer protocol making it more secure from “hacker” attacks. — Safefunds’ page on security
How do I know that their “non-standard” protocol is any better than “standard” ones? I can certainly think of standard protocols that are plenty secure enough for me to trust my transactions to — but how do I know if theirs is better or worse?
I don’t think I’ll be giving them any of my money.