Re: "'Scammers stole £40k after EDF gave out my number"

Newyana2 <newyana@invalid.nospam> wrote:

On 3/4/2025 3:13 AM, Chris wrote:

Newyana2 <newyana@invalid.nospam> wrote:

[Much uniformed, misguided, FUD, scare mongering, etc. deleted.]

   2FA is not a security improvement. It's a gimmick to enable
far more exptensive tracking of people by linking phone ID and
location to other data.

 
Your paranoia is clouding your judgement.

 
   Famous last words of the ostrich. The whole point of this
thread is about a man who got SIM swapped and lost 40K
pounds! Your neighbor has just been eaten by a lion. Keeping
his head in a hole didn't protect him. What a shocker!

  Nope, the man lost 40K pounds, because two companies (EDF and O2)
fscked up their security procedures.

  Insult was added to injury, by the fact that his savings account was
apparently only protected by a password, i.e. the kind of weak/no
'security' *you* are actually advocating. Had this been protected by 2FA
(not SMS, which is not 2FA, but (weak) 2SV), he would have lost nothing.

  In addition to (real) 2FA, our (NL) bank accounts, especially the
savings accounts can be further protected by a time-locked and maximum
amount at a time. There hardly ever is a need to make a 40K pound
transfer without advance notice.

  Bottom line: Yes, shitty security/security-procedures get people into
trouble. News at eleven!