, 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
Todd Knarr (2 replies)
Todd Knarr (2 replies)
Re: Two-factor banking
2005-10-19
Anonymous (1 replies)
Anonymous (1 replies)
Re: Re: Two-factor banking
2005-10-19
Todd Knarr (1 replies)
Todd Knarr (1 replies)
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)
As stated by others here, there is almost nothing about two-factor authentication that will prevent phishing incidents. All this does is turn banks into mandated vendors of hardware-based placebo. Plus, that placebo that comes with customer support issues. Can anybody hear "I typed it in just like it said on that card you people gave me but it didn't work"?
Eventually the onus will belong to the customer but in the meantime banks will be made to look like the bad guys. Initially for not providing adequate protection until mandated by the government. Then, eventually for providing protection that is not adequate and finally "passing the buck" to the customer.
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Link to this comment: http://www.securityfocus.com/comments/columns/363/32565#32565