Anti-Phishing with Two Factor Authentication
By John B. Frank, Strategist with HomeATM ePayment Solutions
According to research firm, Gartner, banks, online payment organizations and other financial institutions are bearing most of the financial cost of phishing attacks. (A survey of nearly 4,000 US consumers revealed a 40% increase in the number of phishing victims in 2008 over the year before to five million.) “The findings underline the fact that the war against phishing is far from over,” said Avivah Litan, analyst at Gartner. Yes, the very same Avivah Litan who says “never” enter your PIN on the Internet unless it’s hardware based.
