SMS is insecure and shouldn’t be trusted
https://blog.coinbase.com/on-phone-numbers-and-identity-423db8577e58
Please allow a more secure way to authenticate against the account.
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I would like to +1 this problem, as this is currently exposing a big issue in the phone number-based security model. Anyone who gets access to a phone number can easily have access to the funds deposited in a Revolut account
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Why is this not being looked into?
They are dealing with crypto currency now as well. What happens if someones crypto funds in the app went on to be worth a lot of money. All they are protected by is a SIM card and a 4 digit pin.
This is why I am not going to use the app at all. I would love to use it but it’s not secure enough.
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I agree. There has been plenty of publicity in the UK, Revolut’s home market, about SIM swap fraud and the ease with which a fraudster can switch someone else’s number to a new SIM, which they physically possess.
There was a big report on it last autumn by BBC1’s Watchdog programme: