Bank Of America Lowers Security, Removes One-Time Passwords At Payee Add/Change
Blog: Forrester BPM Center of Excellence
With the latest change to the BofA online banking bill pay service (which added all sorts of unnecessary and distracting icons and ugly fonts), the bank decided to remove the one-time password two-factor authentication (OTP 2FA) requirement to force the customer to perform a one-time password-based step-up authentication before allowing the change. Instead, by default, […]
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