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Re: Using SMS for password reset.

From D <nospam@example.net>
Newsgroups comp.misc
Subject Re: Using SMS for password reset.
Date 2024-01-31 10:58 +0100
Organization i2pn2 (i2pn.org)
Message-ID <0870b687-afd2-5d38-ba64-284cc950fda7@example.net> (permalink)
References (1 earlier) <l1tcggFk5rdU1@mid.individual.net> <upc1at$16mal$1@dont-email.me> <87o7d2s30v.fsf@yaxenu.org> <upc8gm$psu$1@panix2.panix.com> <877cjqs16x.fsf@yaxenu.org>

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On Tue, 30 Jan 2024, Julieta Shem wrote:

> kludge@panix.com (Scott Dorsey) writes:
>
>> In article <87o7d2s30v.fsf@yaxenu.org>, Julieta Shem  <jshem@yaxenu.org> wrote:
>>>
>>> Interesting that the richest industry is not actually able to hire a
>>> competent professional.
>>
>> "Rich people did not get rich by spending money."
>>     -- my uncle Paul
>
> I think it's more profound than that.  I think (1) the craft is a lot
> more difficult than the average professional is able to understand; (2)
> not to mention the average entrepeneur who hired the professional; (3) a
> rich industry that targets poor people doesn't care: they have numbers
> that say that they won't make more money by having some respect.
>

It's actually easily explained. There is no market or regulatory pressure. 
As long as that does not exist they won't do it.

Also remember that banks are an extension of the government, and therefore 
have a massive say in the rules that will govern them. So what they do is 
to develop rules and laws that are expensive for newcomers to follow but 
easy for them.

Newcomers who design their solutions from scratch will have higher 
security. Therefore there is no law that demands this since it would be 
very costly for legacy banks.

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Thread

Using SMS for password reset. Sylvia Else <sylvia@email.invalid> - 2024-01-30 19:22 +1100
  Re: Using SMS for password reset. Dan Purgert <dan@djph.net> - 2024-01-30 10:39 +0000
    Re: Using SMS for password reset. Sylvia Else <sylvia@email.invalid> - 2024-01-30 21:57 +1100
      Re: Using SMS for password reset. Bruce Horrocks <07.013@scorecrow.com> - 2024-02-06 23:47 +0000
        Re: Using SMS for password reset. "Kerr-Mudd, John" <admin@127.0.0.1> - 2024-02-07 10:31 +0000
        Re: Using SMS for password reset. Ian <gay@sfuu.ca> - 2024-02-07 15:03 -0800
    Re: Using SMS for password reset. Spiros Bousbouras <spibou@gmail.com> - 2024-01-30 14:33 +0000
      Re: Using SMS for password reset. D <nospam@example.net> - 2024-01-30 16:38 +0100
      Re: Using SMS for password reset. Julieta Shem <jshem@yaxenu.org> - 2024-01-30 13:39 -0300
        Re: Using SMS for password reset. Mike Spencer <mds@bogus.nodomain.nowhere> - 2024-01-30 19:56 -0400
          Re: Using SMS for password reset. Julieta Shem <jshem@yaxenu.org> - 2024-01-31 17:57 -0300
      Re: Using SMS for password reset. Dan Purgert <dan@djph.net> - 2024-01-31 11:10 +0000
        Re: Using SMS for password reset. Sylvia Else <sylvia@email.invalid> - 2024-01-31 22:34 +1100
          Re: Using SMS for password reset. Dan Purgert <dan@djph.net> - 2024-02-01 15:16 +0000
        Re: Using SMS for password reset. Spiros Bousbouras <spibou@gmail.com> - 2024-01-31 12:06 +0000
          Re: Using SMS for password reset. Dan Purgert <dan@djph.net> - 2024-02-01 15:48 +0000
            Re: Using SMS for password reset. Spiros Bousbouras <spibou@gmail.com> - 2024-02-01 17:57 +0000
  Re: Using SMS for password reset. Rich <rich@example.invalid> - 2024-01-30 16:39 +0000
  Re: Using SMS for password reset. newsmaster@ausics.net - 2024-01-31 07:02 +1000
  Re: Using SMS for password reset. Sylvia Else <sylvia@email.invalid> - 2024-01-31 09:45 +1100
    Re: Using SMS for password reset. Rich <rich@example.invalid> - 2024-01-30 23:39 +0000
      Re: Using SMS for password reset. Bob Eager <news0009@eager.cx> - 2024-01-31 00:10 +0000
      Re: Using SMS for password reset. Julieta Shem <jshem@yaxenu.org> - 2024-01-30 22:30 -0300
        Re: Using SMS for password reset. kludge@panix.com (Scott Dorsey) - 2024-01-31 01:41 +0000
          Re: Using SMS for password reset. Julieta Shem <jshem@yaxenu.org> - 2024-01-30 23:09 -0300
            Re: Using SMS for password reset. D <nospam@example.net> - 2024-01-31 10:58 +0100
      Re: Using SMS for password reset. Sylvia Else <sylvia@email.invalid> - 2024-01-31 13:32 +1100

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