My bank prides itself being the first in the country to support yubikeys for 2fa. I was so happy until i learned it’s just for logging in, transactions are still confirmed by SMS or their app. And security experts all say it’s better this way, using a regular 2fa solution would be insecure because you wouldn’t know what you’re confirming.
I’m not defending that madness, but that device doesn’t show who is the recipient. The argument was that this is protection against phishing sites pretending to be a bank, proxying your connection but sending it to a different recipient.
Makes one wonder how much the user has to fuck up to end in such a scenario, and of it’s really worth transmitting everyone’s financial data in almost plain text over the air for this
My bank prides itself being the first in the country to support yubikeys for 2fa. I was so happy until i learned it’s just for logging in, transactions are still confirmed by SMS or their app. And security experts all say it’s better this way, using a regular 2fa solution would be insecure because you wouldn’t know what you’re confirming.
There really is no hope.
It’s definitely possible to have a hardware token which allows confirming the transfer details - https://www.manua.ls/nationwide/card-reader-security-for-internet-banking/manual
I’m not defending that madness, but that device doesn’t show who is the recipient. The argument was that this is protection against phishing sites pretending to be a bank, proxying your connection but sending it to a different recipient.
Makes one wonder how much the user has to fuck up to end in such a scenario, and of it’s really worth transmitting everyone’s financial data in almost plain text over the air for this