Search: Home Bugtraq Vulnerabilities Mailing Lists Jobs Tools Beta Programs
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.

Submit Comment Mode:
Name:
Subject:
Message:
 
  Enter the characters that appear above
 
I'd hardly call even a temporary drop in fraud "wasting millions" 2005-03-15
Bruce K. Marshall
Yes, we must be concerned with the other avenues of attack on Web transactions. But Mr. Schneier shouldn't pretend that beefing up authentication is without merit. We have decent countermeasures to MITM and trojan attacks now. It is called SSL and anti-virus/spyware software.

What we don't hav...

[ more ]  




 

Privacy Statement
Copyright 2009, SecurityFocus