Online Banking and Mutual Authentication
This little piece from Finextra, a British online banking newsletter, presents three scenarios for authentication: the classic user ID and password, one-way authentication and two-way mutual authentication.
It basically chops down the first two and, by following the evolution of hacking technology for cracking authentication, leads to the third alternative, which is two-way mutual authentication.
The article sees this as a two-way street, if you will, that can block fraud and increase business by promoting legitimate transactions.
It basically chops down the first two and, by following the evolution of hacking technology for cracking authentication, leads to the third alternative, which is two-way mutual authentication.
The article sees this as a two-way street, if you will, that can block fraud and increase business by promoting legitimate transactions.
posted by The IT Security Guy at 9:13 PM
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