"The lobby group for Australian telcos has declared that SMS technology should no longer be considered a safe means of verifying the identity of an individual during a banking transaction."
and
"SMS is not designed to be a secure communications channel and should not be used by banks for electronic funds transfer authentication,"
http://www.itnews.com.au/news/telcos-declare-sms-unsafe-for-...
"The lobby group for Australian telcos has declared that SMS technology should no longer be considered a safe means of verifying the identity of an individual during a banking transaction."
and
"SMS is not designed to be a secure communications channel and should not be used by banks for electronic funds transfer authentication,"