Why are banks still getting authentication so wrong?

Re:Why are banks still getting authentication so wrong? by delusional on Tuesday May 13, 2025 @03:17PM (#43976558)

What actual real life person is going to switch their bank account because TOTP isn't supported?

That's why banks get authentication wrong. Because they are in the business of banking and banking customers do not care about TOTP.

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Re:Why are banks still getting authentication so wrong? by Geebs on Tuesday May 13, 2025 @03:24PM (#43976629)

But banks should have to provide better security or they should be at fault if the account is accessed by a third party due to their weak security.

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Re:Why are banks still getting authentication so wrong? by delusional on Tuesday May 13, 2025 @04:03PM (#43977075)

Ok. They are not though.

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Re:Why are banks still getting authentication so wrong? by idontcareatall on Tuesday May 13, 2025 @05:13PM (#43977801)

Me? As in, I've literally changed banks and canceled cards over this.

I can't get SMS when I'm traveling which is 95% of my time. It's such an entirely ignorant US-centric view to assume that everyone has a phone, has SMS plans, has cell service at all, etc.

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Re:Why are banks still getting authentication so wrong? by kube-system on Tuesday May 13, 2025 @05:58PM (#43978226)

> It's such an entirely ignorant US-centric view to assume that everyone has a phone, has SMS plans, has cell service at all, etc.

I think many banks might find it a benefit to exclude customers who don't have cellphones or SMS.

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