Shopping or banking online depends on trust. Individuals interact with sites that they trust, and sites have to trust the person who is transacting with them.
Many online banking sites are turning to two-factor authentication to confirm the identity of the individual they are transacting with – typically an ‘out-of-band’ method of authentication using a token or SMS message to a mobile phones. Initially tokens were widely rolled out, but many banks faced a backlash from their consumers because tokens were too inconvenient to carry around, and they could be easily lost or damaged.
- CATHERINE EYRES
- InfoSecurity
- Posted On




