It's insane. I've heard banks using SMS!!!! To send a code. We have TOTP for that! Or even perhaps a push notification or something better than bloody SMS.
I refuse to use the networking system altogether. No phones, no calls. Of course you do 'need' a number so I keep one handy, but I haven't read a text or made a phone call in a long while.
It needs to die. NOW. Outlaw SMS!