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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
Is it a coincidence that Counterpane, the company founded by Bruce Schneier, offers a managed security service and security consulting to banks, which would be far less attractive for a bank which has implemented two factor authentication?

Mr. Schneier has also personally designed a password stor...

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