Saturday January 04 2020, Andrew Kolchoogin wrote to Michael Dukelsky:
MD>> Without two factor authentication via SMS? AK> The most dumb thing ever invented in card transactions is two-factor AK> authentication via SMS. Everybody knows this, so bank security AK> department does, but "all has gone too far". (C)
On the one hand you are right. It cannot be a defence against those who are computer savvy. On the other hand if your card is stolen by a street thief, the 2FA via SMS can be a defence. So it is better to have it than not to have.
