Bank Technology News: Out of Band Finds Its Voice Against Hackers

Bank Technology News’ John Adams suggests the time for out-of-band authentication technologies like PhoneFactor may be now.

“Amid expanding incidents that suggest dual authentication for online banking is no longer adequate to prevent theft-or avoid potential legal culpability-firms such as Todos, ClairMail and PhoneFactor are betting institutions are ready to embrace new protections that take advantage of SMS, voice biometrics or secure browsers to further authenticate users and transactions.”

Read the full article at http://www.americanbanker.com/btn_issues/23_5/security-out-of-band-finds-its-voice-against-hackers-1018367-1.html/