, 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
Two-factor authentication only addresses one technical aspect of/benefit to information security.
There is still a pressing need for corporations to step up their business controls alongside upgrades to their use of various information security technologies.
Both the business and its IT must work hand-in-hand to combat those that would do harm to the company and its customers.
There is no 'one magic bullet'. However, having the approach to information security in concert - both the company and its customers can be better able to rely on improved commerce through better data integrity, reliability and ...security.
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Link to this comment: http://www.securityfocus.com/comments/articles/10694/30926#30926