Feds mandate two factor authentication for banks

[Perry E. Metzger]

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 at piermont.com

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