Earlier quoted context omitted.
Where does SMS get used to do payments? (...and how?) SMS for 2FA is known to be a very bad idea, and some security experts have been shouting about the need to stop doing that for a while. I also can't see any country managing to implement more restrictions on SMS without either breaking a lot of "legitimate" sources of SMS or being ineffective outside of a very narrow window (e.g. only blocking forged SMS for numbe…
"Where?!" Everywhere. It's being phased out in many places, but as a rule of thumb, mostly everywhere still. "known to be very bad ... been shouting ..." Right, yeah, to put it in some perspective remember that you're talking second factor here. This is not your login, this is a secondary confirmation and you still need some serious motivation to bypass it. It's definitely doable, I work in security and I know what k…
I'm aware it's not your login, but it feels the same as asking someone for publicly searchable information to "verify your identity" - an additional "security" step that doesn't actually slow down any attacker more dedicated than a passing whim, but makes people feel good about whoever is using it, when there are better options that don't have the problems of SMS.
Yes, it doesn't scale well to bulk attacking, but most of my interactions are with people who take reasonable precautions like keeping their machines patched, not installing random crap from the internet, and generally avoiding other fun ways people get swept up in low-hanging fruit campaigns.
SMS 2FA is better than no 2FA at all, it's just frustrating to watch many companies deploy it and go home when there are better options, some of which solely also require a phone.
edited to correct my statement: I originally said "SMS 2FA is better than no 2FA at all in a number of cases", but no, I'm pretty confident it's strictly better, even with all my laments about it.