This was a nice article to read. Even though multi-factor authentication has been available for quite some time, more and more businesses and financial institutions are using it to protect their customers. Even though this won’t completely prevent theives from stealing identities, it is definitely a step in the right direction.

Cybercriminals are as gung-ho about perpetrating online fraud as financial institutions and the government are dedicated to preventing it. As long as people send private, sensitive information and transactions over computer networks, the prospect of identity (ID) theft and subsequent online fraud will loom large.

It’s not so much the number of people who have fallen victim to ID theft, but the potential for serious loss and the possibility that you or I will become the next victim.

However, if the business of protecting you and I continues apace, ID theft may become increasingly difficult for the cybercriminals, even if they are armed with the user names and passwords.[more]

Tags: Computer Protection, Defense in Depth, Encryption