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SiteKey to Prevent Phishing

Posted by timothy on from the yeah-right dept.

Perekrestok writes "An article at CNN talks about a new system called SiteKey which will be rolled out at Bank of America across the U.S. by this fall. The system would require an online user to not only enter a password but also answer three personal questions. More interestingly, the system will have a button which will allow the user to verify that they are indeed at the bank's website and not at some scammer's fake site."

3 of 377 comments (clear)

  1. I don't have time for that junk by A+Dafa+Disciple · · Score: 5, Interesting

    When I'm on the web, even when looking at my bank account, I'm not trying to be held up by extraneous questions.

    Keep the password.
    Keep the button (which seems like a great idea by the way).
    Ditch the three questions.

    --

    Falun Dafa is good!
    1. Re:I don't have time for that junk by LiquidCoooled · · Score: 5, Interesting

      (dunno why your marked as troll, but anyway)

      Phishing sites will include a big button as well
      clicking it will say:
      Of course your on the real bank website

      it does no good - i prefer the way my bank currently does it - I told them (in person when setting this up) a pass code, when logging in, they ask me for random sections of it (ie 1st, third and last digits).

      The scammers must manage to fool me multiple times to gain complete access to my account details.

      --
      liqbase :: faster than paper
  2. SMS authentication is already being used! by clef · · Score: 5, Interesting

    The National Australia Bank launched SMS authentication earlier this year.

    Whenever you transfer money or pay a bill (ie. anything risky), it sends a unique code via SMS to your phone. You then type that number into the system before it does the transaction.

    It's free too.

    It's highly unlikely someon has both stolen your mobile phone AND phished your details.