Comment Re:repeat after me... (Score 1) 42
Fundamentally, no phone can ever be a second factor for authentication purposes, period, so long as it is possible to enter your password or PIN through that phone.
Not at all. If you never enter your bank password or pin through the phone in the first place, there is no way a compromised phone will be able to obtain it. I do all of my online banking from a computer, so a second factor being the phone would work fine (unfortunately only the least important of my three banks uses two factor).