this post was submitted on 15 Feb 2024
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cross-posted from: https://lemmyf.uk/post/5813538

First ever iOS trojan discovered — and it’s stealing Face ID data to break into bank accounts

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[–] chiisana@lemmy.chiisana.net 6 points 1 year ago (1 children)

MFA or not, you can always social engineer people into getting access into their bank account. There's even SS7 attack for SMS based MFA. So, let's just abolish passwords and MFA all together and everyone hold hands to sing Kumbaya and be hippies together.... right? No, of course not. You do not weaken an established system because there's ways for bad actors to act maliciously. Vast majority of Apple users doesn't care for side loading and would benefit from the security that comes with the walled garden, very few Apple users (and the Lemmy user base does not a represent a statistically significantly broad representation of the user base) knows enough to care for otherwise, but are now getting dragged along for the ride.