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322905e2... 1y ago

When are banks going to stop relying on SMS for security? Do they really not know how to integrate TOTP codes? #asknostr

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HERMETICVM 1y ago

They don't care. SMS was just a checkbox on their certification requirements, so why bother with more.

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322905e2... 1y ago

Sad if true

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Big Barry Bitcoin 1y ago

Banks are all about calculated risks and insurance and FCA/FDIC guarantees make it easy to prioritize profits over security since they can always recover losses one way or another.

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322905e2... 1y ago

Interesting, hadn't considered the moral hazard of FDIC as a reason