the new secure sign-on process

Jul 20, 2007 1 Replies

Is there some law I missed that mandates this new process where you have to select an image, select some bogus "question/answer" combinations, and "register" your computer for on-line banking access? (yes, I know there's an option to not register, and other minor details, but if you do any significant amount of on-line banking you know what I'm talking about).



It's hard to believe that all banks in the last year have just spontaneously decided to utilize the exact same security process.... especially when they already had various security processes in place.



Or to put it another way, can I still buy stock in the company that has patented this service before everyone else does? ;-)


-Mark Bole



I found a relevant announcement by the Federal Financial Institutions Examination Council:

FFIEC Releases Guidance on Authentication in Internet Banking Environment

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(Note: "Guidance" simply is a bureaucratic way of demanding something.)

and

Authentication in an Internet Banking Environment

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I suspect that you can find more on the topic at
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Dave

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