New Password Security Threats
Please take time to read the attached article, and be sure that your IT and Operations staff sees it as well. It points out the flaws in many of today’s common password and authentication methods. It also clearly points out the need for multi-factor authentication in almost every situation. While few banks are currently storing data in “the cloud” such methods are, for both technological and economical reasons, trending, and will be something that must be dealt with.