That’s not a magic bullet for secuirty.
It wasn’t presented as such. Good security comes in layers (“security in depth”). TLS serves users well but it’s not the only tool in the box.
There are so many ways to exploit connections. Look at what happened here on lemmy with vulns leading to takeovers of instances with xss of session cookies.
Tor Browser includes noscript which blocks XSS.
The primary difference is your ISP is not generally actively hostile. They may want to sell metadata but they aren’t actively trying to exploit you.
Selling your metadata is exploiting you. And this exploit happens lawfully under a still-existing Trump policy, so you have zero legal protections. Contrast that with crooks stealing money from your bank account, where, if it’s a US account, you have regulation E legal protections.
If your ISP (or in some cases a nation state is your isp) is actively tracking you, then there are other alternatives that may be better.
Different tools for different threat models. If you are actually targeted by a nation state, Tor alone is insufficient but it’s still in play in conjunction with other tech. But from context, you were giving general advice to the general public telling them not to use Tor for banking, thus targeting is not in the threat model. But mass surveillance IS (i.e. that of your ISP).
But to answer my your question my thesis is tor is not necessarily a privacy panacea.
Tor is an indispensable tool to streetwise users. Of course it is a tool among other tools & techniques.
The threat model an American or European has is much different than someone from Vietnam or turkey or China, which is also much different than someone from the Nordic countries.
Those threat models all have a common denominator: mass surveillance. It is safe to assume mass surveillance is in everyone’s threat model as a baseline. Of course there are a variety of other threats in each individual threat model for which you couldn’t necessarily anticipate.
TLS is useful very specifically in the case of banking via Tor Browser, which is the most likely configuration the normal general public would use given the advice to access their bank over Tor.
I do not recommend using a smartphone for banking. You’re asking for a huge attack surface & it’s reckless. People will do it anyway but to suggest that people should avoid Tor for banking on the basis that you’re assuming they are using a phone is terrible advice based on a poor assumption. Use Tor Browser from a PC for banking. That is the best advice for normies.
And again, those hostile nodes get less info than ISPs. They have to work harder to reach the level of exposure that your ISP has both technical and legal privilege to exploit.
Wow did you ever get twisted. You forgot that I excluded targeting by nation states from the threat model as you should. If someone has that in their threat model, they will know some guy in a forum saying “don’t use Tor for banking” is not on the same page, not aligned with their scenario, and not advising them. You don’t have to worry about Snowden blindly taking advice from you.
It’s naive to assume your ISP is not collecting data on you and using it against you. It’s sensible to realize the risk of a honeypot tapping your bank account and getting away with it and regulation E protections failing is unlikely enough to be negligible.
If you’re in the US, you have ~2-3 bank accounts on avg, and 20 credit cards (US averages). Not to mention the unlikeliness of an account getting MitM compromised despite TLS in the 1st place. Cyber criminals choose the easier paths, just as 3 letter agencies do: they compromise the endpoint. Attacking the middle of a tunnel is very high effort & when it’s achieved they aren’t going to waste it on some avg joe’s small-time bank acct. At best you might have some low-tech attempts that result in no padlock on the user side. But I’ve never seen that in all my years of exclusively banking over Tor.
Not in the slightest. Everyone is subject to mass surveillance & surveillance capitalism.
Most people don’t even have a threat model, or know what it is. But if you ask them how they would like it if their ISP told their debt collector where they bank so the debt collector can go do an unannounced legal money grab, you’ll quickly realize what would be in their threat model if they knew to build one. A lot of Corona Virus economic stimulus checks were grabbed faster than debtors even noticed the money arriving on their account.
You missed the source I gave. Obama banned the practice of ISPs selling customer data without their consent. Trump reversed that. That is wholly 100% on Trump. Biden did not overturn Trump, so if you want, you can put some of the fault on Biden.
W.r.t history, echelon predates Snowden’s revelations and it was exposed to many by Nicky Hagar in the 80s or 90s. But this all a red herring because in the case at hand (banking customers accessing their acct), it’s the particular ISP role of mass surveillance that’s relevant, which Trump enabled. Or course there is plenty of other mass surveillance going on with banking, but all that is orthogonal to whether they use Tor or not. The role of Tor merely mitigates the ISP from tracking where they bank, and prevents banks from tracking where you physically are, both of which are useful protections.
You can’t “both sides” this when it’s verifiable that Obama banned the practice and Trump overturned it. While Obama’s hands are dirty on a lot of things (e.g. Patriot Act continuity), it’s specifically Trump who flipped the switch to ISP overcollection. Citation needed if you don’t accept this.
The general public knows your general advice to use/not use Tor is technical advice not legal advice, and also not specific to their particular jurisdiction.