[18699] in cryptography@c2.net mail archive
Feds mandate two factor authentication for banks
daemon@ATHENA.MIT.EDU (Perry E. Metzger)
Wed Oct 19 23:37:52 2005
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To: cryptography@metzdowd.com
From: "Perry E. Metzger" <perry@piermont.com>
Date: Wed, 19 Oct 2005 23:15:29 -0400
http://news.yahoo.com/s/ap/20051017/ap_on_hi_te/internet_banking_security
Quoting:
BOSTON - Federal regulators will require banks to strengthen
security for Internet customers through authentication that goes
beyond mere user names and passwords, which have become too easy
for criminals to exploit.
Bank Web sites are expected to adopt some form of "two-factor"
authentication by the end of 2006, regulators with the Federal
Financial Institutions Examination Council said in a letter to
banks last week.
--
Perry E. Metzger perry@piermont.com
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