2FA is the opposite of a single point of failure though. In order to impersonate you someone has to have access to your authentication device and your master password. There are no passwords to remember or get leaked/stolen, and you still have traditional identification and a physical backup in the form of codes or an authentication device.
In Sweden it’s like a minute of your time to set up a new phone, or at worst a trip to the bank if you lost your authenticator.
It also has a screen showing what information or authorization is being requested so that it’s much harder to get scammed.
I guess, but I’ve gone without BankID for about month previously. (It was my own fault for procrastinating multiple things.) You don’t need it; it’s just very convenient.
I’m having difficulty envisioning a malicious update. There’s a lot of transparency and regulations.
2FA is the opposite of a single point of failure though. In order to impersonate you someone has to have access to your authentication device and your master password. There are no passwords to remember or get leaked/stolen, and you still have traditional identification and a physical backup in the form of codes or an authentication device.
In Sweden it’s like a minute of your time to set up a new phone, or at worst a trip to the bank if you lost your authenticator.
It also has a screen showing what information or authorization is being requested so that it’s much harder to get scammed.
I think they meant that the single app by all banks can go down through backend crash, buggy/malicious app update, etc.
I guess, but I’ve gone without BankID for about month previously. (It was my own fault for procrastinating multiple things.) You don’t need it; it’s just very convenient.
I’m having difficulty envisioning a malicious update. There’s a lot of transparency and regulations.