Tuesday, June 5, 2007

Banks Still Don't Get It

This article discusses the ongoing problems in the banking industry as they attempt to comply with guidance requiring multifactor authentication for their websites.

http://www.emediawire.com/releases/2007/6/emw530454.htm

Asking a bunch of questions, or even requiring users to type in One Time Password codes, simply doesn't get the job done. A true cooperative authentication process is the only way to accomplish the goal, using something the user has in his or her possession to anchor one end of the authentication protocol.

1 comment:

Anonymous said...

Interesting to know.