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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 2005-03-16
Marcus Augustus
Well, mr. Schneier is ofcourse correct on the methods he quotes to defeat two-factor authentication. But money spend on two-factor authentication clearly isn't wasted, since for day-to-day use its clearly more secure then passwords.

Weak point about the article; mr. Schneier doesn't propose any (be...

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