Longer Logins at Online Banks?
Last week, the Federal Financial Institutions Examination Council issued a report recommending that banks tighten up their online-login procedures. The council's guidance says "single-factor authentication" -- where you only need to provide one piece of data, such as a PIN or password, to log in -- is "inadequate for high-risk transactions involving access to customer information or the movement of funds to other parties." Security Fix - Brian Krebs on Computer Security - (washingtonpost.com)Linked by shanmuga Thursday, 20th October 2005 1:09AM
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