Fergie's Tech Blog

ID double-check systems stymie on-line thieves

Paul Lima writes in the Globe and Mail that:

Customers of New Zealand's ASB Bank Ltd. have to have cellphones in hand before transferring large sums of money over the Internet from their accounts.

ASB was one of the first to use two-factor authentication through cellphones to help keep thieves out of on-line bank accounts, a security precaution that's now attracting the attention of businesses of all types and sizes, thanks to the popularity of mobile phones and personal digital assistants with wireless Internet access.

posted by Fergie @ 4/28/2005 04:16:00 PM