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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
Anonymos
I have great respect for Mr. Schneier. However, I fear, his remarks as quoted in this article disappointingly lacks in mindfulness.

Should we not use any security for any data then? That'll save a googol of money for the corporations!

The customers still have some rights to privacy, and the ...

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