Earlier quoted context omitted.
> On the other hand, 2FA opens up the "I lost my phone" customer support channel which might be just as weak. "I lost my phone" (or "my phone stopped working") does need some solution, though. The right way to handle "I lost my phone" seems like one of two possibilities: either come into a branch and provide legal identification matching what you used to open the account (and get "yourself" on camera doing so), or ha…
Shout out here to NearlyFreeSpeech who do this right. They give you a set of verification actions: You provide a scanned copy of a government-issued photo ID. You provide a scanned copy of a statement showing both the most recent deposit and a name and address matching one of your accounts. You complete SMS verification. (SMS must be previously configured.) You complete 2-factor verification. (2-factor auth must be p…
So yeah, bad idea.