Citibank Phish Spoofs 2-Factor Authentication
July 12, 2006 Newsdesk
Security experts have long touted the need for financial Web sites to move beyond mere passwords and implement so-called “two-factor authentication” - the second factor being something the user has in their physical possession like an access card - as the answer to protecting customers from phishing attacks that use phony e-mails and bogus Web sites to trick users into forking over their personal and financial data.
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