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Banks to Use 2-factor Authentication by End of 2006

Posted by samzenpus on from the proof-positive dept.

Evil Grinn writes "As reported on Yahoo and elsewhere the Federal Financial Institutions Examination Council (FFIEC) has given a deadline of end-of-year 2006 for U.S. banks to implement two factor authentication."

2 of 313 comments (clear)

  1. Re:One more damn thing to carry around by LordPhantom · · Score: 5, Insightful

    Isn't that like, say, carrying around an ATM card like we do right now? Sure, a "sooped-up" ATM card if it had a rotating pin, but still an ATM card nonetheless - how is this -more- difficult than what we do now? I usually have my wallet handy somewhere, so is it really that big a deal?

  2. Second factor Windows-only? by Anonymous Coward · · Score: 5, Insightful

    And what are the chances that the second factor (USB tokens or fingerprint readers, most likely) will have drivers for minority operating systems? I use Linux as my only operating system. Until now, I had no problems accessing my bank account or my credit cards online. Now, I fear I may have to start visiting the bank branch in person...

    The reason for my suspicion is that I used USB dongles for some expensive, proprietary software at my workplace, and on a whim I looked around for Linux drivers for the thing. Turns out that the manufacturer only supports Windows 2000 and XP, and no third-party drivers for other OS's exist.