SIM swapping attacks
The truth about SIM swapping had to surface eventually. We've been told in thepast that it only targets the "elite". We've been led to believe SMS token authentication is a robust system. However at least a decade ago it was being shown to be vulnerable, and a couple of years back EUROPOL publicly declared it should be avoided.
Yet now we're being forced by our banks to implement SMS token based "security" for online banking. That's insecure "security" on top of insecure transactions.