My theory is TLAs prefer the digital paper trail. Helps them close the loop on things. SMS being vulnerable is fine, more of an inconvenience to the herd. I suspect this is why a lot of unnecessary info gets emailed to us as well. Little things you know like transfer amounts and itemized receipts.

Yeah... and it is always the most critical apps that do this. Banks, telecom, and health care.

I don't think it is a coincidence that these are some of the most regulated and entrenched institutions. Not blaming statism alone but it's part of the problem not the solution.

The other component is the general Ignorance of the public. We can only go so far without fixing that issue.

even to this wouldnt neccesarily prevent this attack vector. just made me think about it