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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.

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Banks 'wasting millions' on two-factor authentication 2005-03-15
Comic Book Guy
So...two-factor is a waste of money because it does not defend against attack vectors it was not intended to defend against? What is the solution oh Great Bruce?should our banks pay for the under-educated\under-protected users to secure their home PCs against malware?

Best Quote Ever ?Two-factor ...

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