this post was submitted on 13 Nov 2024
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Mildly Infuriating

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Home to all things "Mildly Infuriating" Not infuriating, not enraging. Mildly Infuriating. All posts should reflect that.

I want my day mildly ruined, not completely ruined. Please remember to refrain from reposting old content. If you post a post from reddit it is good practice to include a link and credit the OP. I'm not about stealing content!

It's just good to get something in this website for casual viewing whilst refreshing original content is added overtime.


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[–] possiblylinux127@lemmy.zip 3 points 1 week ago (1 children)
[–] CosmicTurtle0@lemmy.dbzer0.com 6 points 1 week ago (1 children)

My guess is that it's the easiest and cheapest way to set up "MFA".

The number of banks that don't have proper MFA really bugs me.

[–] Saik0Shinigami@lemmy.saik0.com 10 points 1 week ago

My guess is that it’s the easiest and cheapest way to set up “MFA”.

TOTP is cheaper.

SMS is actually expensive at scale. An example would be Signal, the messenger app that doesn't use SMS. They have overhead for sending backup codes/new account creation/Verification/etc... https://www.wired.com/story/signal-operating-costs/ 6 million a year. API integrations for SMS messages/codes are still like 1-5 cents per message.

TOTP's requirements? A reasonably accurate clock on the server, and storing the shared secret in a database.