, 2005-10-18
People who lived through the Second World War, like my grandparents, had a very different view of money than those of us who grew up in the Information Age. Many of us still remember being told how foolish it is to keep one's life savings under a bed mattress, because the banks were known as trusted entities that will always do a better job of looking after your money. Even my grandparents, albeit reluctantly, came to realize that putting trust in financial institutions was the only way to go.
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Two-factor banking
2005-10-19
Anonymous (1 replies)
Anonymous (1 replies)
The regulation does not require two-factor authentication
2005-10-20
Anonymous (2 replies)
Anonymous (2 replies)
Two-factor banking
2005-10-20
Anonymous (3 replies)
Anonymous (3 replies)
On the other hand, if I have strong authentication of the bank (say because SSL in the browser is set to demand the server authenticate itself and limited only to those certificates I got from my bank while setting up my account) then it becomes much safer to authenticate myself to the bank.
In the real world, demanding drivers' licenses of every customer in a physical bank branch doesn't help if the problem is criminals setting up fake branches. Why should it work any better on the Internet?
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Link to this comment: http://www.securityfocus.com/comments/columns/363/32533#32533