Banks 'wasting millions' on two-factor authentication

Banks 'wasting millions' on two-factor authentication
John Leyden, The Register 2005-03-15

Banks are spending millions on two-factor authentication for their customers but the approach no longer provides adequate protection against fraud or identity theft, according to Bruce Schneier, the encryption guru.

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I'd hardly call even a temporary drop in fraud "wasting millions" 2005-03-15
Bruce K. Marshall (3 replies)

I'd hardly call even a temporary drop in fraud "wasting millions" 2005-03-15
bwatson_at_nettracers.com

SSL 2005-03-16
Rory Alsop

I'd hardly call even a temporary drop in fraud "wasting millions" 2005-03-16
Anonymous

Banks 'wasting millions' on two-factor authentication 2005-03-15
Anonymous

Banks 'wasting millions' on two-factor authentication 2005-03-15
Comic Book Guy

Banks 'wasting millions' on two-factor authentication 2005-03-15
Anonymous

Banks 'wasting millions' on two-factor authentication 2005-03-15
Lavid Detterman

Banks 'wasting millions' on two-factor authentication 2005-03-15
Anonymous

Don't we all have one of these guys at work? 2005-03-15
Anonymous

No matter what they did he'd be on them for not doing enough/doing the wrong thing. We should applaud banks for taking a significant (and expensive) measure to mitigate some of their more glaring vulnerabilities.

Couldn't we say that Schneier is wasting space since we could easily fit millions in diamonds in the space he occupies? Seems to me it's the same kind of thinking...

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Link to this comment: http://www.securityfocus.com/comments/articles/10694/30906#30906

There is no solution though 2005-03-15
Anonymous

Banks 'wasting millions' on two-factor authentication 2005-03-15
Anonymous

Banks 'wasting millions' on two-factor authentication 2005-03-16
Anonymous

Banks 'wasting millions' on two-factor authentication 2005-03-16
Marcus Augustus

Banks 'wasting millions' on two-factor authentication 2005-03-16
LiquidBrain

Banks 'wasting millions' on two-factor authentication 2005-03-16
Anonymos

Banks 'wasting millions' on two-factor authentication 2005-03-16
Anonymous

so called "expert" 2005-03-16
Anonymous (1 replies)

Re: so called "expert" 2005-11-18
twofish

Banks 'wasting millions' on two-factor authentication 2005-03-16
Anonymous

Banks 'wasting millions' on two-factor authentication 2005-03-16
Scott, posted by Fred

Banks 'wasting millions' on two-factor authentication 2005-03-16
Anonymous

It's too late.... 2005-03-16
en0k

Banks 'wasting millions' on two-factor authentication - Holy Grail 2005-03-16
Anymouse

Banks 'wasting millions' on two-factor authentication 2005-03-16
Anonymous

Banks 'wasting millions' on two-factor authentication 2005-03-17
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