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If your Dropbox account doesn’t already have two-step verification turned on, follow these steps to turn it on.
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Depending on the size of the bank, they probably purchased or contracted their entire backend from another company who initially wrote things decades ago and the authentication rules reflect that. Banks support all kinds of crazy users, including folks who aren't computer saavy at all.If a bank starts supporting 2FA (of any kind really) and Joe User sets it up for his elderly mother thinking he's doing some good but it ends up locking her out because she lost her means of 2FA now she's going to call the bank to regain access.
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Stuff like that is easier to run a marketing campaign on. They would much rather give you the appearance of better security with things like FaceID support in a phone app (which is really just a convenience thing as an alternative to your password). Banks are there to make money, and it is hard to justify how 2FA as a feature will make them money.
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If a bank tally's up how much fraud happens by someone getting their account compromised and it's below a certain percentage of their total users, it isn't considered a problem.Again, going back to my first point, FDIC insurance covers most of these cases. Banks generally don't do a damn thing unless there's math to justify it. FDIC insurance covers 99% of your average US citizens bank account. Banks have zero incentive to make your account more secure. Banks hate being first at damn near everything, unless it's the first to make more money. So many reasons and it's incredibly frustrating.
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