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The Convenience Trap: Why Seamless Banking Access Can Turn 2FA into 1FA
Many modern banking authentication methods collapse onto a single device, creating a dangerous trade-off between convenience and financial security. We analyze the threats.
With notification mirroring (a standard feature in Apple’s ecosystem), an SMS 2FA code sent to your phone instantly appears on your paired—and potentially compromised—laptop or tablet. These methods ensure the user is actively engaged with both devices, thwarting simple malware attacks via screen mirroring. For the average user, the smartphone has become a single point of failure, where the theft of one device and one piece of knowledge (the passcode) can lead to total financial compromise.
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