QOTD on Banking Security

There is no single, easy, solution for the banks to ensure the security of their online banking systems. A combination of techniques, working to complement each other, is required rather than relying solely on two-factor authentication regardless of how sophisticated this technique seems. Any approach to combating attacks against online banking must include updating and implementing rigorous anti-fraud control design processes, monitoring for any out of the ordinary customer transactions and tracking browsing patterns all of which could indicate an attack.
-- Hugh Callaghan, security expert at Ernst & Young

Note: emphasis is mine.

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