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Dan Gillmor /
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2024-12-08 08:26:48

Dan Gillmor on Nostr: My bank uses phone SMS as its standard "2-factor authentication" -- better than ...

My bank uses phone SMS as its standard "2-factor authentication" -- better than nothing at all but GROSSLY insecure compared to encrypted messaging that it refuses to supply.

I paid extra for an RSA dongle, but when I log in there's an option to use SMS, which makes the dongle completely pointless.

Crap security is standard in the banking industry -- because contrary to pious words, it doesn't give a damn about your financial privacy.

https://www.nbcnews.com/tech/security/make-sure-texts-calls-are-encrypted-fbi-security-warning-rcna182810
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