The Last Watchdog

on Internet security by Byron Acohido

How and why the US banking industry avoided two-factor authentication
November 3, 2005

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USA TODAY

03-Nov-2005

How one little fob could foil a cyber bank robber

By Byron Acohido and Jon Swartz, USA TODAY

See originally posted version of this story here.

051103_authentication1SEATTLE – Online banking isn’t as convenient for Randy Bender as it is for most consumers.
Fob issues a unique password every 60 seconds for online banking. Fob issues a unique password every 60 seconds for online banking.
By Leslie Smith Jr., USA TODAY

To access his online account at …More

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