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Two-factor banking
Kelly Martin, 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 2005-10-18
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These "guidances" almost always weedle their way into becoming mandates. Unfortunately, those mandates usually are based on knee-jerk reactions by legislators.

I belive this will become a mandate for one type of hardware or another. Possibly mutliple types of hardware. Why? Because requiring hardware makes it look like the government is doing something. The average person can wrap their emotions around hardware. It's "sexy". Just imagine it being some piece of hardware one can attach to their iPod. People would line up in the streets for that.

The notion expressed a few posts down about this evolving into a push for a National ID card is interesting. It certainly has that conspiracy throy feel to it but it's not the least bit unlikely.

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Link to this comment: http://www.securityfocus.com/comments/columns/363/32599#32599
Re: Two-factor banking 2005-10-23
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Two-factor banking 2005-10-22
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