Hsbc Secure Code -

This is the friction point of modern banking. It is annoying. It is intrusive. And according to the cybercriminals who tried to steal $500 million last year, it is the single most effective wall they face.

Instead of a 6-digit number, the bank asks you to look at your phone. Facial recognition verifies it’s you , not just your phone. Additionally, "Location Confirmation" is rolling out—if your phone is in London and the transaction is in Tokyo, the code auto-fails regardless of what you type. hsbc secure code

Never, ever give your HSBC Secure Code to a human being who called you. The bank will never ask for it. Ever. This is the friction point of modern banking

HSBC killed that logic in 2016 when they began rolling out the global standard for . And according to the cybercriminals who tried to

The criminal, who is simultaneously on the checkout page of a luxury goods site, types in that code. The bank thinks the victim approved it. The money is gone.