Earlier quoted context omitted.
Phone isn’t a secure factor in 2022.
If this is due to the vulnerabilities in the SS7 protocol, then it hasn't been secure since 1975. Or at least 2008 when a set of vulnerabilities were published. https://en.m.wikipedia.org/wiki/Signalling_System_No._7
NIST describes a framework for required authenticators for different levels of trust. It’s a good starting place for understanding what represents secure practices vs theater.