Each banking app usually has a separate password you have to set and every transaction requires some form of authorisation.
You could make an argument about security concerns in regards to biometric scanners in phones, but short passwords are a universal thing for people that dont care.
This is what I fear will happen to GOS on Motos. Google decides to mark them as rooted so buh-bye banking apps and others that require a “secure” os.
All these banking apps need google play for the freaking 2 factor code sent via text to work.
Why can’t I setup TOTP for these? Banks I am looking at you.
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unfortanely, my bank’s website needs a non standard 2fa that only exist in the app to do anything
Always has been.
Banking on a phone is insecure, and this is one reason. Never use banking on mobile.
Don’t see how banking on phone is anybless secure then a computer.
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How long is your password on your phone? How long is your password on your computer?
Each banking app usually has a separate password you have to set and every transaction requires some form of authorisation.
You could make an argument about security concerns in regards to biometric scanners in phones, but short passwords are a universal thing for people that dont care.