Adios, TAN list
The paper TAN list will be abolished on September 14, 2019 with the European Payment Services Directive (PSD2).
This is how the procedure with the TAN list worked
In this procedure, the customer received a list of TANs from the bank, each of which could only be used once.
Once the customer was in possession of a list of TANs, he had to enter a TAN from the list for each transfer. Which one doesn’t matter. After use, the TANs were crossed out. As soon as all of them had been used, the customer received a new list.
Advantages
- Inexpensive: No external device is required and therefore no costs are incurred.
- Convenient: The list is always close to the computer.
Dangers when using the TAN list
This procedure has now been classified as very insecure, as the fraudster only needs any TAN from your list and your access data to cause major damage.
How do the fraudsters get your data?
Phishing attacks are carried out to obtain the data: Users are lured to false pages that purport to be from their own bank. If you do not notice this, the fraudsters filter out your usage data and a TAN if you even make a transfer on this page. In this way, the fraudsters can empty your account with one transfer.
