Banks Going To Two-Factor Authentication in Security http://www.dslreports.com/forum/r14618907 en Fri, 04 Dec 2009 18:54:04 EDT Fri, 04 Dec 2009 18:54:04 EDT Re: Banks Going To Two-Factor Authentication http://www.dslreports.com/forum/remark,14619438 Daniel : (removed by Daniel)]]> http://www.dslreports.com/forum/remark,14619438 Thu, 20 Oct 2005 11:36:20 EDT Re: Banks Going To Two-Factor Authentication http://www.dslreports.com/forum/remark,14619013 antiserious :

... happens to us all ... :) ...
]]> http://www.dslreports.com/forum/remark,14619013 Thu, 20 Oct 2005 10:35:42 EDT Re: Banks Going To Two-Factor Authentication http://www.dslreports.com/forum/remark,14618966 Daniel : Doh!]]> http://www.dslreports.com/forum/remark,14618966 Thu, 20 Oct 2005 10:26:02 EDT Re: Banks Going To Two-Factor Authentication http://www.dslreports.com/forum/remark,14618945 antiserious : »Two-factor banking
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... "Do You Know Where Your Towel Is ?" ...]]> http://www.dslreports.com/forum/remark,14618945 Thu, 20 Oct 2005 10:23:27 EDT Banks Going To Two-Factor Authentication http://www.dslreports.com/forum/remark,14618907 Daniel : So it looks like U.S. banks are going to be required to use two-factor authentication by the end of next year -- a very cool development if you ask me.

For anyone not familiar with this, two-factor authentication is where you need two sources of information in order to access something. A real-world example of this is an ATM/cash machine. When you use an ATM you not only need your card, but you also need to enter your PIN.

There are four basic ways to authenticate:
    •Something you know, e.g. a password.
    •Something you have, e.g. a token or an ATM card.
    •Something you are, e.g. biometrics such as fingerprints or retina scans.
    •Somewhere you are, e.g. only being able to access something if you are in a certain place, such as within the Pentagon walls.

For the ATM example, you're using two factors out of those four -- something you have (your ATM card), and something you know (your PIN). And since you're using two of the four, you're using two-factor authentication.

So that's what we're looking at getting at all U.S. banks -- and the second factor is probably going to come in the form of something you have. That could be a token of some sort, or it could be one-time-passwords similar to those being used in Europe.

Anyway, something cool to look out for in the near future.
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dmiessler.com -- grep understanding knowledge]]> http://www.dslreports.com/forum/remark,14618907 Thu, 20 Oct 2005 10:12:49 EDT