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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
Anonymous
Bruce didn't mention issues with two-factor authentication... he only mentioned other vulnerabilities that can be used to compromise the process. I don't understand how he fell into the old mindset that we've all fought against at some point:

"Of course we're secure... we have a firewall."

Wh...

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