Re: Codes sent by text message

"Carlos E.R." <robin_listas@es.invalid> writes:

On 2024-03-13 15:25, Richmond wrote:

"Newyana2" <Newyana2@invalid.nospam> writes:
 

"Richmond" <dnomhcir@gmx.com> wrote

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   I avoid any online banking. I can still walk and drive. Social
security is auto-deposited. I just don't need online banking, so
there's no sense risking it. I've also locked my credit. In the US
one can contact 3 credit reporting agencies, establish a lock, and
from then on no credit cards can be issued. If you need a new credit
card, you unlock it temporarily. That method also provides a great
excuse for pushy store clerks who want me to sign up for their store
card. "Oh, I'd love to, but I have my credit locked. Haven't you
done that yourself?"  >> It isn't just the card unfortunately. If
you install an app rather >> than >> just receive an SMS, that app
can do other things like make payments, >> and tell you the PIN
number of your card. What happens if someone else >> finds the PIN
number from your phone? well, the Bank would like to say >> it is
your fault.

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He has to know the password to open the phone, and the password to
open the bank application. And possibly, a third password before the
app allows you to do an operation such as retrieve the pin of a credit
card.

Malware doesn't need to do all these things. It just waits for you to do
them.

In the case of the article it doesn't explain how the phone was unlocked
but I think it likely the phone was not locked, or it had a trivial
PIN. Maybe the banking app was open too.

>

https://www.ftadviser.com/your-industry/2022/09/06/santander-agrees-to-reimburse-customer-after-gym-theft/
 

>
I don't know what that pin in app feature is, and I am a santander
client, just not in the UK.

It may have been removed now, the article is from 2022 and it says
"Morgan has called on Virgin Active UK to review its security as a
result of the incident and on Santander to remove its PIN-in-app feature
from its mobile banking app, or to at least make it an optional feature
for customers "