I suppose mobile banking is less secure than regular internet banking ?

I'm not sure what is the weakness in mobile banking, compared to
regular internet banking, where both of them have a secure device to
generate code for transactions ?

Let's say somebody stole your phone, what can he/she do without the
secure device that's registered to your bank account ?

Jesse Armand
----------------------------------------
(http://jessearmand.com)



On Fri, Jul 24, 2009 at 8:12 AM, Roland King<r...@rols.org> wrote:
> Well you can't register to listen to SMSes, that hook just doesn't exist. So
> if you rely on proving who someone is by sending something to a specific
> phone (ie making use of the telephone companys vast network ability to
> locate one device with that particular SIM card in it at that point in time
> anywhere in the world), SMS is kind of about the only way to do it.
>
> I took a look to see what happens when you're running an app and an SMS
> comes in, with a URL on it . it's not totally pretty, you get to option to
> 'reply', which closes your app, or 'close' which closes the SMS. So the best
> you could do like that is hit reply, close your app, hit the link in the SMS
> which opens it up again, you'd need a quick-start app for that.
>
> The only other way is to have done the SMS thing way in advance and cached a
> token on the phone you use at the time direct to the server, but that's not
> very good security, the token would go with the phone, swap SIM cards and
> someone else is now you.
>
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