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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
This is not a rational position. It would be irrational to claim that multi-factor authentication is a panacea. If that is what the banks deploying two-factor authentication are claiming, they are going to face civil suits in the future.

But to say the money is wasted is nonsense. When the first ...

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