, 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
Oh Bruce Almighty, how the mighty have fallen. I guess there really is a Holy Grail out there:
Turn off the Internet and we wont have to worry about it!
Oh wait, there are still bank robbers physically entering the banks and highwaymen attacking "users" at ATMS and in parking lots. I guess we should get rid of the lights and cameras as well. They are a huge waste of money, imagine what could be saved if we got rid of the useless security folks that monitor and investigate the videos not to mention savings from the video tapes that are not purchased from Bruce!
Bruce, please, stop while you are ahead. You have now sunk yourself to the same level of, dare I say it, the all knowing Gibson of GRC!!!
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Link to this comment: http://www.securityfocus.com/comments/articles/10694/30951#30951