Do you have a link for that? JP Morgan Chase only uses a form of user "multi-factor" authentication once...when you first sign up for the online or mobile app service. After that it is username/password only for access. See: https://mobilebanking.chase.com/Public/Docs/Faq?nodeId=1&itemId=2 and https://www.chase.com/content/dam/chasecom/en/personal-banking/documents/Guide_OnlineBanking.pdf
Most all banks/credit unions also use browser ID & IP/location checking for extra security. If you change browsers or hardware device or log in from a new network/IP# you will be asked your "security questions" for verification. This is not classic "2-factor" authentication though, which usually involves an addition e-mail exchange, SMS text exchange, or an app like Google Authenticator...or even a keychain hardware device similar to a "YubiKey": http://www.yubico.com/products/yubikey-hardware/
Two Factor Auth (2FA)
https://twofactorauth.org/
I assume that Tommy believes that nothing qualifies as 2FA unless it is precisely the form used by Apple. I’ll leave the definition of “classic” 2FA to you. Basic 2FA is simply something you know and something you have. While banks are under represented, that does not mean that they are not secure.
While Tommy was all 2FA for his music collection, he wasn’t interested in it for his bank.
“My passwords are difficult. My banks WILL call if they observe unusual activity in my accounts. If my accounts are compromised by fraudulent activity, I merely have to notify the bank with a declaration of fraud, and the money is replaced. I’m satisfied with those protection, Leonard.”
http://www.freerepublic.com/focus/chat/3200299/posts?page=53#53
I do not trust Tommy with Apple facts. He prefers authoritative half-truths as I have documented in the past. In matters of financial security I would never suggest that anyone trust his “facts”.
I apologize if I misstated the level of security provided to you by Chase. If your bank does not provide a level of security that you are not comfortable with, than you would be well advised to move your money.
|If your bank does not provide a level of security that you are not comfortable with, than you would be well advised to move your money.
Should read: If your bank does NOT provide a level of security that you ARE comfortable with, then you would be well advised to move your money.