The AP reports that U.S. federal regulators have sent
a letter to banks
saying they should go beyond passwords to two-factor authentication by the end of 2006.
There are all sorts of possibilities for what the other factor might be, from cell phone acks to a physical gizmo that
emits a code to use.
I’m betting banks will ask what your last payment for x purpose was.
Dan Gllmor reports a bank he used only a few years ago still used social security number as logn name.
I don’t keep much money at that bank anymore.
Banks are probably worried that more people will do what Dan did,
thus limiting their online reach.