this post was submitted on 22 Mar 2024
1 points (100.0% liked)

Personal Finance Canada

1167 readers
2 users here now

Come and discuss anything related to personal finance, directly or indirectly, with other Canadians!

founded 1 year ago
MODERATORS
[email protected]
1
SIM card swap scam hits GTA couple for more than $140,000 (globalnews.ca)
submitted 6 months ago by [email protected] to c/[email protected]
2 comments fedilink hide all child comments
you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 0 points 6 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.