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codedokode
14 days ago
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Around a dozen banking apps began specifically per...
We use SMS OTP as a second factor. Although banks of course want to save some cents and use push notifications for those who has a mobile app.
grapheneos
14 days ago
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The EU has regulations requiring banks to move to an app with device and app integrity checks. SMS 2FA is temporarily permitted for backwards compatibility but is explicitly considered a legacy approach that's being phased out due to being insecure.
fcarraldo
14 days ago
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SMS OTP is not very secure relative to a push notification to an app
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