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Archive for the ‘bank security’ Category

Are Banks’ Two-factor System Safe Enough? HSBC Thinks Not.

Thursday, September 6th, 2007

In a move that could set a precedent, HSBC is challenging the safety and security of the standard two-factor system typically employed to access online banking sessions. Instead, it’s introducing an out-of-band solution using the user’s phone line and a PIN generated by the online banking site. An out-of-band solution refers to communication that occurs […]





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