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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
Mr. Schneier's comments as quoted seems limited.

Two-factor authentication only addresses one technical aspect of/benefit to information security.

There is still a pressing need for corporations to step up their business controls alongside upgrades to their use of various information security ...

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