A good amount of money has been stolen from my bank account bypassing the double factor authentication.

I'm surprised they need a google login... unless the verification app is supplied by google! So, they use google... to confirm your identify? That's no good!
What about the customers who don't have a google login?
 
You could download the apk from a signed-in Google device/account, extract the apk, and install it on another non-Google device (possibly Waydroid + Play Store would allow the apk DL).
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Not possible. The app works only on the phone where they have activated it.
 
blackbird9 said:
I'm surprised they need a google login... unless the verification app is supplied by google! So, they use google... to confirm your identify? That's no good!
What about the customers who don't have a google login?
Click to expand...

They can't use home banking. To install an app from the google play store you should sign with Google. Maybe here the idea is to sign with Google and then removing the google account after the app has been installed and configured ? I don't know if it will still work.
 
If the google login is required just to use the playstore, to install the app, that is normal. I thought you meant the app itself asked for a google login id. You don't need to remove the google login after you install the app, but if you do, I don't think it will affect the operation of the app. But you won't get any updates to the app in future.
 

Mobile-only approach to customer authentication will not be enough for EU compliance​

In June 2023, the European Commission published its draft proposals for the Directive on Payment Services and Electronic Money Services (“PSD3”) and the Payment Services Regulation (“PSR”), which will become the successors of the revised Payment Services Directive (“PSD2”) and the revised E-Money Directive (“EMD2”). Article 88 of the PSR proposal stipulates that financial institutions must not use a single Strong Customer Authentication (SCA) mechanism, such as a mechanism based on smartphones, but instead support various authentication mechanisms. These requirements imply that financial institutions cannot adopt a mobile-only approach. Financial institutions will need to support other authentication mechanisms such as hardware authentication devices, in addition to SCA mechanisms based on smartphones.

Article 88 of the PSR requires financial institutions to ensure that all users can perform SCA, including people with disabilities, older persons, and those with low digital skills. It also includes those who do not have access to digital channels or payment methods.


So: "These requirements imply that financial institutions cannot adopt a mobile-only approach."

If your bank directors have refused to give you a hardware key, or some other alternative to the phone app, they are in breach of the EU regulations. I would definitely look for a better bank. Take your custom elsewhere.
 
blackbird9 said:

Mobile-only approach to customer authentication will not be enough for EU compliance​

In June 2023, the European Commission published its draft proposals for the Directive on Payment Services and Electronic Money Services (“PSD3”) and the Payment Services Regulation (“PSR”), which will become the successors of the revised Payment Services Directive (“PSD2”) and the revised E-Money Directive (“EMD2”). Article 88 of the PSR proposal stipulates that financial institutions must not use a single Strong Customer Authentication (SCA) mechanism, such as a mechanism based on smartphones, but instead support various authentication mechanisms. These requirements imply that financial institutions cannot adopt a mobile-only approach. Financial institutions will need to support other authentication mechanisms such as hardware authentication devices, in addition to SCA mechanisms based on smartphones.

Article 88 of the PSR requires financial institutions to ensure that all users can perform SCA, including people with disabilities, older persons, and those with low digital skills. It also includes those who do not have access to digital channels or payment methods.


So: "These requirements imply that financial institutions cannot adopt a mobile-only approach."

If your bank directors have refused to give you a hardware key, or some other alternative to the phone app, they are in breach of the EU regulations. I would definitely look for a better bank. Take your custom elsewhere.
Click to expand...

Non ce ne sono qua. Bella rogna.
 
I wish UK school system was better and we learned 4 languages, like my friend from Switzerland. She told me she learned swiss german, italian, french and english, all at school. In school in England... I learned only French.. and Latin! 😂 The teacher told me Latin will teach me "logical thinking"; is it really true? 😁
 
Screenshot_20251023_094027.jpg


I guess you mean, every bank uses a phone app, there are none that work differently.
 
blackbird9 said:
I wish UK school system was better and we learned 4 languages, like my friend from Switzerland. She told me she learned swiss german, italian, french and english, all at school. In school in England... I learned only French.. and Latin! 😂 The teacher told me Latin will teach me "logical thinking"; is it really true? 😁
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Yes. I believe English is not as complicated as French, German, and Italian, which have many linguistic structures that help the mind to think. English simplifies things a lot, especially with verbs and the passive nature of sentences.
 
Espionage724 said:
That's the thing (I think :p): You don't need a centralized bank! If I understand right, with a hardware wallet you're the only one with access to the funds. Using an exchange like a bank with crypto sounds questionable.
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I have some friends who are involved in crypto. It's for gamblers. Of course... you can make a lot of money, if you are lucky 😁
 
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