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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
Anonymous
Schneier is talking apples and oranges. He's saying that you shouldn't replace your doors' cheap locks with deadbolts because your windows are still vulnerable. The answer is to upgrade the locks and also try to better secure the windows....

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