, 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)
Bruce K. Marshall (3 replies)
I'd hardly call even a temporary drop in fraud "wasting millions"
2005-03-15
bwatson_at_nettracers.com
bwatson_at_nettracers.com
Should we not use any security for any data then? That'll save a googol of money for the corporations!
The customers still have some rights to privacy, and the corporations have the responsibility to assist in protecting that privacy as it makes money off of the customers' data (in addition to guarding the company's own confidential and proprietary data from its competitors and such).
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Link to this comment: http://www.securityfocus.com/comments/articles/10694/30925#30925