Biometric Security Layer predicted as 20 Banks get
London, UK - 16 January 2004, 17:00 GMT - As the number of identity
theft - "Phishing" - scams targeting major banks in Europe, North
America and Australasia reach 20 in less than a year, the mi2g Intelligence
Unit predicts greater regulation from central banks and financial services
authorities by 2005 that will restrict or outlaw password-only authentication
techniques for online banking on the basis of "unsafe practices".
The next generation of electronic banking will rely on deeper layers of authentication
that couple passwords with biometric security and smart card authentication.