Monday, December 08, 2008

Would You Pay $7 for Two-Factor Online Banking Authentication? [Ask The Readers]

Source: http://feeds.gawker.com/~r/lifehacker/full/~3/rvC_9SZ7uuw/would-you-pay-7-for-two+factor-online-banking-authentication

Online game World of Warcraft now offers more secure authentication than nearly every online banking system the average consumer can access. Blizzard, the company behind the MMORPG powerhouse, has introduced the ability to use two-factor authentication in WoW. Two-factor authentication involves a second verifier on top of your normal password to log you in (like biometrics or a physical key card). In the case of the new Blizzard system, players can purchase a $6.50 keyfob that provides a six-digit authentication code, which it wirelessly creates on-demand for each login. If an online game system can implement it, why not your bank? Would you pay around the average cost of a fast food meal to have a secure and wireless two-factor authentication system for your bank (or any other online service you wanted a higher level of security on)? I know I won't be able to rest until my Facebook login is secured with a retinal scan.