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Why Your Bank Still Trusts 40-Year-Old Text Messages
Season 2 · Episode 704

Why Your Bank Still Trusts 40-Year-Old Text Messages

Why do we still rely on 1980s tech to secure our bank accounts? Explore the dangerous paradox of SMS-based two-factor authentication.

My Weird Prompts · Daniel Rosehill

February 19, 202630m 9s

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Show Notes

Despite the rise of unhackable hardware keys and biometrics, the "six-digit code via text" remains the backbone of global digital security. This episode explores the technical vulnerabilities of SMS—from SS7 exploits to SIM swapping—and why major institutions refuse to let go of this outdated protocol. We also examine the unique cultural role of SMS in Israel's "kosher phone" community and the difficult balance between universal accessibility and modern cybersecurity.