this post was submitted on 22 Mar 2024
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SIM card swap scam hits GTA couple for more than $140,000 (globalnews.ca)
submitted 8 months ago by [email protected] to c/[email protected]
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[–] [email protected] 8 points 8 months ago

Passkeys and authenticators. SMS based 2-auth has had this flaw for years. There should be laws that banks and trading accounts should enforce either passkeys or 2-factor with authenticators. Email and SMS are not secure enough for banking, and until laws enforce better security, this problem will get worse.