SecurityFocus article announcement: Two-factor banking

[Andrew van der Stock <vanderaj () greebo net>]

Two-factor banking
by Kelly Martin
2005-10-18

Trust in financial institutions is eroding as phishing scams grow  
exponentially; adding two-factor authentication is our only hope.

"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."

http://www.securityfocus.com/columnists/363

--

Full disclosure:

I should note that I am working on a forthcoming project which  
heavily uses token-based transaction signing, and previously on SMS  
based transaction signing for retail customers at one of Australia's  
largest banks:

http://www.national.com.au/About_Us/0,,65655,00.html

I cannot discuss the forthcoming project in any more detail as only a  
small fraction of the details have been publicly released to the  
press (in particular, the Australian Financial Review 29/9 p.43 ;)  
When the Bank decides to get more publicity or the product is  
released, I will let you folks know.

thanks,
Andrew