Banks are certainly behind the times and ‘bank-grade security’ is a joke in terms of what authentication methods they offer. I understand that they are slow to change anything though.
Comment on Passkeys might really kill passwords
shortwavesurfer@monero.town 9 months agoSMS second factor is so bad! The really dumb thing in my opinion is the place that uses SMS to factor the most is banks. Now how dumb is that?
Spotlight7573@lemmy.world 9 months ago
shortwavesurfer@monero.town 9 months ago
My crypto wallet is more secure than my bank because I hold the keys myself and I am not nearly as large a target as a bank. Is it better to go after one person’s money or one million people’s money?
EngineerGaming@feddit.nl 9 months ago
I see SMS as a simple deanon rather than a 2FA.
SomethingBurger@jlai.lu 9 months ago
In the EU they have to use something stronger if available. SMS is only used if requested by the user.
shortwavesurfer@monero.town 9 months ago
I wish it were that way here in the United States. But sadly, nope.