Banks to drop passwords

Posted on March 13th, 2005

This is not a case of the Financial Services sector becoming more laissez-faire towards security, but a realisation that password authentication is not enough.

According to Gartner, three-quarters of banks will use something other than passwords to verify online customers by 2007, in the face of increased cyber crime. Brace yourself for biometrics. It won’t be enough to hand over your credit card to a drug-crazed assailant. They’ll need your eyeball and/or the top of your finger as well.

By Ade McCormack (Progressive)