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Feds Warn SMS Authentication Is Unsafe After ‘Worst Hack in Our Nation’s History’ (gizmodo.com)

submitted 3 days ago by return2ozma@lemmy.world to c/technology@lemmy.world

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[–] perviouslyiner@lemmy.world 6 points 2 days ago (1 children)

It's definitely possible to have a hardware token which allows confirming the transfer details - https://www.manua.ls/nationwide/card-reader-security-for-internet-banking/manual

[–] oldfart@lemm.ee 4 points 2 days ago

I'm not defending that madness, but that device doesn't show who is the recipient. The argument was that this is protection against phishing sites pretending to be a bank, proxying your connection but sending it to a different recipient.

Makes one wonder how much the user has to fuck up to end in such a scenario, and of it's really worth transmitting everyone's financial data in almost plain text over the air for this