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
 
Banks 'wasting millions' on two-factor authentication 2005-03-15
Anonymous
Security in business is a delicate balance between mitigating risk in a cost effective way. He might as well be saying that putting locks on doors is a "waste of millions" because locks can be picked or brute forced. Two-factor authentication is a huge step forward in internet security - and mitig...

[ more ]  




 

Privacy Statement
Copyright 2009, SecurityFocus