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Two factor authentication outdated?

According to the article below from The Register (quoting Bruce Schneier), two-factor authentication seems already be outdated. I believe, we should take a careful approach here: Two-factor authentication is certainly better than just user-id and password. Especially online banking in the US has been using just user-id/password and now they are paying the prize for this lax security measure. Stepping up to use onetime passwords (such as RSA SecurID or Aladin tokens) is a first step against sniffing out passwords. However, there is no such thing as complete security. But two-factor authentication is a first step. As every Information Security Officer nows, user awareness is key to increase security. By giving user a device, this awareness increases dramatically.

Link to original article.


New threats need new response


Banks are spending millions on two-factor authentication for their customers but the approach no longer provides adequate protection against fraud or identity theft, according to Bruce Schneier, the encryption guru.

[The Register]
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Requegesis is the critical interpretation of requirements. It’s at the same time an art and methodical approach to understand history, origin, background (also cultural), criticality and validity of requirements. The goal of requegesis is to find the best functional response to requirements while taking liberty in their interpretation.

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