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So, why do almost all banks, in the U.S. at least, only support the worst 2FA authentication method exclusively? And, this article doesn't mention SIM-swap attacks, which are unavoidable. It can't be

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Jerry Lerman@hear-me.social
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So, why do almost all banks, in the U.S. at least, only support the worst 2FA authentication method exclusively? And, this article doesn’t mention SIM-swap attacks, which are unavoidable. It can’t be that difficult to support an authenticator app.

https://gizmodo.com/feds-warn-sms-authentication-is-unsafe-after-worst-hack-in-our-nations-history-2000541129

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DahGangalang@infosec.pub
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Thats a good point.

I expect the courts would uphold that flavor of argument too (at least in the U.S.; I expect the same in other countries, but don’t feel comfortable speaking for systems I’m not at all familiar with).

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