The issue with option one is that scammers get old (or not technical) people to do stuff when they don’t know what they’re doing and click the box not knowing what they just did. So yes very frequently they need to protect people from themselves because they’re dumb, but I still expect banks to do business with those dumb people, sooo… Option 2 it is.
I think I just figured it out, hang on with me.
It’d be the tech literate person in the family. The nephew that’s working as a programmer or something like that. Now, if that nephew has some interest in stealing their uncles money, they now have access to their bank account through a freely rooted phone.
This gives them a lot of options, which I don’t have to explain.
Given that a lot of scams actually happen between presumed family and friends…
Yeah I kinda get why banks are doing this
