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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
Lavid Detterman
The Top Ten Attacks Two-Factor Authentication does not protect against

10. Armed Robbery

9. Grand Theft Auto

8. The atomic elbow drop

7. Wedgies

6. Atomic Wedgies

5. GI Joe?s Kung-Fu Grip

4. Sunday Drivers

3. SPAM

2. Forum Trolls

?and the number one Attack Two-Factor Authentication does...

[ more ]  





 

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