alt Hacker NewsBanks care very little about actual security. Some force you either to SMS codes, or to their app on a hopelessly broken platform based on shoving many untrusted spying apps onto one device and hoping some SW will be able to keep them apart.
Almost none support strong dedicated HW authenticators or second factors. Not even as an option to those who care.
Anyway it's always possible to just reverse their web api and use it directly. 2FA that consists of copying some code from SMS is no barrier, especially not on the Linux phone that you fully control.
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renehsz • today at 3:42 PM
A lot of it is security theater plus lazy (as in "doing the minimum amount of work possible") compliance with regulations
But they care a ton about security theater. Advanced device integrity? That sounds secure to me!
I should make a chip called Super Security Sauce Silicon, and make cards with them, and market them to phone vendors so their customers won't need the card, and market them to banks so their customers will be secure. It performs Dual_EC_DRBG with my keys.