Forcing Phone Companies to Secure SMS Authentication Would Cause More Harm than Good
Associated with
Steven Murdoch Steven Murdoch
7 min read
Forcing Phone Companies to Secure SMS Authentication Would Cause More Harm than Good

Food-writer and campaigner, Jack Monroe, has become the latest high-profile victim of a SIM-swap scam, losing over £5,000 from both her PayPal and bank accounts to a criminal who intercepted SMS authentication codes. The Payment Services Directive requires that fraud victims get their money back, but this process is not always quick or straight forward. When (as I hope it will) the money does eventually get reimbursed, she's still unlikely to get compensation for any consequential losses, nor for the upset caused. It's no surprise that this experience has been stressful for Jack, as it would be for most people in her situation.

More Ways to Read:
🧃 Summarize The key takeaways that can be read in under a minute
Sign up to unlock