Security News > 2019 > July > German banks to stop using SMS to deliver second authentication/verification factor

German banks are moving away from SMS-based customer authentication and transaction verification (called mTAN or SMS-TAN), as the method is deemed to be too insecure. According to German business news outfit Handelsblatt, a number banks – whether private, co-operative or public – have either stopped offering the option or are planning to remove it by the end of the year. Among these are Postbank, Berliner Sparkasse, Consorsbank, and others. The reasons are mostly due to … More → The post German banks to stop using SMS to deliver second authentication/verification factor appeared first on Help Net Security.

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