Best Way to Save Bank Passwords

Prism

Prism said:

masonic said:

Prism said:

km1500 said:

yes you ***really*** don't want someone removing your sim and putting it in their spare phone 

Yes, or ideally don't use signins, especially to banks, that use SMS as a form of authentication. SIMs can be cloned without stealing the phone or SIM.

That would really cut down the number of firms you could use. Financial firms are among the worst at this. Even those who offer alternatives, such as app-based authentication, usually do not allow you to disable SMS as an option to receive OTP. That or automated phone calls, which are equally problematic.

True, and its a bit of a shame. The big financial firms claim to use algorithims to help detect if a sign in or payment is possibly suspicious but still I would prefer a bank that allowed SMS to be switched off.

It so happens that a related story is doing the rounds at the moment relating to legacy phone systems and SMS. Look up Salt Typhoon and how far they may have infiltrated the global phone systems.

App based authentication is the best option for the moment