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RATING RISKS

The problem with these authentication schemes is that they solve yesterday's problem, says security guru Bruce Schneier, CTO and founder of Counterpane Internet Security. For example, two-factor authentication does nothing to prevent so-called "Man in the Middle" (MIM) attacks or Trojan horse exploits.

In an MIM attack, the scammer lures you to a fake web site where you enter your log-on information. He then logs onto your bank himself, enters your account info, and transmits information back to you via the phony site—so you can complete your transactions and never know you weren't at your bank's actual site. He can then log back into your account at any time and have his way with it.


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