Multi-factor authentication – Key to Online Banking Security

According to a senior investigator from the virus worldwide research and analysis team Kaspersky Lab Roel Schouwenberg, multi-factor authentication to address the problems of threats when they use online banking, according to a news published by SCMagazine 2 March 2010. The researcher reported that the banker Trojans had reached a sophistication than in 2007. This category of banking Trojans which was and still is, very sophisticated and misuse of security problems in some banks in the implementation of two-factor authentication. The report from the Anti-Phishing Working Group (APWG) said that the banking Trojans infections increased almost three times (186%) over the period Q4 2008 to Q2 2009th In order to clarify the cause, said security researchers to the status of Internet banking, somewhat similar to the Internet. For several banks, internet banks were not designed with sufficient safety in mind. Convenience is the greatest inspirational force. The Internet was designed broadly similar principles. The concern is that many banks do not use two-factor authentication and is used, is a weak form of it. He said that such security is not adequate for most banking Trojans / Spyware. What disturbs most researchers is that there is a definitive solution to a large extent address the problem of security in online banking. Simply put requirement online banking two factor authentication. The authentication code must be received or produced in a unit that is not connected to the device makes the operation according to news published by Threat Post on 25 February 2010. On the other hand, reported that the Trojans have the ability to touch anything on the screen and web traffic. The solution to this problem is simple. Effective systems online that are still resistant to the strong, the malware is deployed. Without the user’s bank account number, no way that all security experts in the world can say with certainty whether the operation is displayed on the screen is actually moving towards the right destination. Much has changed since 2006 or 2007. The average of malware sophistication has increased. With this in mind, the researchers believed that the multi-factor authentication is by far the most suitable method for secure online banking.