[LINK] A security question

[Dr Bob Jansen]

Jim,

I think you are right in one sense. I now have two fobs, one for ING and the other for Citibank. One per account could quickly become very confusing, remembering which was which. Also, my wife has a fob for Citibank, and this is all just too much technology for her. Both fobs look identical and if I had not marked each, would be indistinguishable from each other on the table so the chance of using the wrong fob would be high. Not a major issue but again, an issue of comfortability.

I still wonder if a fob to generate a one-time password would be more secure and that could be used for all accounts providing you don't loose it of course or the fob gets cracked. Maybe banks could offer that functionality as an option so an individual could decide on the level of security they were comfortable with.

Bobj

Dr Bob Jansen
Turtle Lane Studios
PO Box 26 Erskineville NSW 2043 Australia
Ph: +61 414 297 448
Skype: bobjtls
http://www.turtlelane.com.au


On 19 Dec 2013, at 9:06, Jim Birch <planetjim at gmail.com> wrote:

>> From the behaviour of banks we might infer:
> 
> (1) Multifactor identification is too hard for a proportion of their
> customers
> (2) The actual level of successful hacking is passably low
> (3) So, it is simpler to run suspicious activity monitors and guarantee
> accounts
> 
> - Jim
>