I don't know, but I agree it seems foolish. I also loathe that US banks don't us... | Hacker News

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		unethical_ban on Dec 9, 2024 \| parent \| context \| favorite \| on: Ask HN: Why do banking apps care about your phone ... I don't know, but I agree it seems foolish. I also loathe that US banks don't use standard TOTP (which they could implement for free) but instead only offer SMS or app-based Symantec tokens, which are either insecure or impossible to backup.

Spooky23 on Dec 10, 2024 [–]

My bank uses TOTP with pin.

unethical_ban on Dec 10, 2024 | [–]

Like, Google authenticator/generic TOTP?

Spooky23 on Dec 10, 2024 | | [–]

Yes. Many credit unions use that platform as well.

Bigger banks meet the minimum standard for regular users and often hard tokens for bigger customers.

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