It's time to stop using SMS, here's why!
Text messaging has been a staple of communication for decades, but it's time to move on. In this video, we'll explore why SMS is an outdated and insecure technology and discuss better alternatives.
You don't know what the fuck you're talking about; a real Dunning Kruger.
There are many places where every bank uses SMS for 2FA...
Relax homie don't pop a blood vessel. I know it can be frustrating to realize you have to take some personal responsibility for your privacy.
You don't have to use a bank at all, you opt for a credit union or a host of other options.
The irony in you invoking the dunning-kruger effect when all you have probably done is read the wiki page gave me a chuckle.
My credit union uses SMS for 2FA, so does my (online) bank. What "host of other options are available"? Do tell. But GTFO if you are going to suggest paying my health insurance premium or rural grocery store in Monero or some nonsense like that.
I don't know your specific circumstance but I highly doubt you only have one option for a bank or credit union or other financial institution. Time to adult some shit and do your research. Complaining on Lemmy will only get you so far.
You are making the mistake of assuming that people make a decision about what institution to bank with solely based on what kind of 2FA they provide. In reality, there are many other factors involved. I ended up banking with these institutions for a reason. And I don't know what the overall situation outside the US, e.g. in Europe, is but I think in the US there are few banks that offer something better than SMS 2FA. Some will force you or invite you to use their special app (which may or may not only work with SafetyNet) instead, which is absolutely not an improvement except perhaps strictly in the security sense. I think there are a few experimenting with FIDO2 hardware security keys but that is the exception. This is a problem that requires regulation not telling random individuals that they just need to git gud at picking a bank.
If data security isn't your top priority when it comes to where you put your money, we have nothing to discuss.
I'm not telling people to "git gud" but, people here choose not to do the bare minimum and then complain that the bank, their parents probably chose for them when they were children, doesnt meet their needs.
Yes of course this problem needs regulation but that won't happen if all consumers do is complain on useless forums instead of actually putting their money where there mouth is.
The fact of the matter is if you do nothing while staying at a bank that does things you don't like, you are complicit and it tells the bank you are OK with that. Its not fair but, most institutions prioritize convenience over privacy and security for their customers because that's what they have shown they want.
I'm not sure why people are so offended that they might have to put in some actual effort if they want the privacy and security features from large institutions they complain about.
If data security isn’t your top priority when it comes to where you put your money, we have nothing to discuss.
This is a very privileged position to take.
then complain that the bank, their parents probably chose for them when they were children
A very uncharitable assumption
Yes of course this problem needs regulation but that won’t happen if all consumers do is complain on useless forums instead of actually putting their money where there mouth is.
You clearly do not understand how regulation is introduced. People moving to banks that already comply with a future/potential regulation does not bring about regulation.
tells the bank you are OK with that. Its not fair but, most institutions prioritize convenience over privacy and security for their customers because that’s what they have shown they want.
This is not how things work at all. How is the bank supposed to know why you switched to another bank or why someone is banking with them.
I’m not sure why people are so offended that they might have to put in some actual effort
It is for the most part not about the effort. You are expressing typical neoliberal "everything can be solved through the market" mentality. If people just put in the effort to buy the right product in the marketplace then everything will be alright.
This will be my final response as we will probably never see eye-to-eye on this and I have better things to do with my time than engaging in pointless arguments. This is not what I joined this privacy community for.
Lol This is a silly response to say the least but since all you wanted is to have the last word and not to have an actual discussion I won't waste time writing a real response.
You don't have to use a bank at all, you opt for a credit union or a host of other options.
As someone who's banked with a credit union before: we still just call it the bank and they have all the same issues normal banks do with shitty tech support
If someone wants the ability to bank in person at all then it can be incredibly difficult if not impossible to find a bank that doesn't have shit IT
You get more freedom with online only banks (what I use now) but those also come with tradeoffs like cash being much more annoying to use
I'm not saying its easy or convenient but users here love to complain about issues while being complicit. I just find that annoying.
My main bank is sunsetting allowing users to have a hardware token (they only offer it to users without a smart phone now) and is forcing users to either use a proprietary token app or SMS. Did I just accept that? No. I made my voice heard and got an exception made and now I use a hardware token as my 2FA.
People need to realize, privacy requires some personal responsibility. Complaining on Lemmy isn't enough.