As others have said, it is not that SMS 2FA is insecure; it is that thieves have figured out how to defeat it using SIM jacking and a bit of facebooking and googling. It is now trivial to figure out your home town, your favorite pet, etc. Also as others have said, the current alternatives have their problems. What if you lose all your Yubi keys? What if your phone was accidentally wiped and you never got around to ba…
We have something vaguely similar with "BankID" in Norway. It's a bank issued digital ID that submits a 2FA to your phone (not through SMS, but through some other system that takes over the whole screen - not sure what it is). It's usable for almost all government agencies or official stuff online here, but I haven't seen anyone use it for third party auth as it costs roughly 10 cents per login for the service using…
This sounds like it might be a so-called “flash” SMS. https://en.wikipedia.org/wiki/SMS#Flash_SMS