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Feb 8, 2018 at 16:47 comment added TTT Off hand I can't think of a bank that uses caller ID and a single piece of other information to verify, but I feel like that could very well be the case. Sometimes I recall getting asked for full name, DOB, and last 4 of my social security number, or perhaps even mother's maiden name or something similar. One of my banks that I called recently sent me a text message and asked me to repeat the code to them over the phone to prove that I actually had my mobile in my possession, which is a little better... In general though, the takeaway is that a phone number is sometimes one part of ID.
Feb 8, 2018 at 5:14 comment added Santropedro I'm amazed at reading the second paragraph in this sense: While I don't contest that the bank can be that insecure, it's very very super insecure to give more access to someone just because they know a phone number. I'm convinced it happens in part because normal civilian users (no offense hopefully to them, but it's the truth) are too impatient/disorganized to even have a password that is more complex than their pet's name or 1234. Because of them, sometimes they will have only their own number as confimation, so the bank indulges in this unsafe practice to please them. Is this right?
Feb 7, 2018 at 19:42 history answered TTT CC BY-SA 3.0