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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 - Holy Grail 2005-03-16
Anymouse


Oh Bruce Almighty, how the mighty have fallen. I guess there really is a Holy Grail out there:

Turn off the Internet and we wont have to worry about it!

Oh wait, there are still bank robbers physically entering the banks and highwaymen attacking "users" at ATMS and in parking lots. I guess we ...

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