US Bancorp teams up with VeriSign on banking security

Wednesday, 27 October 2004, 2:06 PM EST

The bank will use VeriSign's Unified Authentication service to validate and secure interactions with commercial banking customers, providing them with a secure USB token that they must use when accessing services online.

The deal is just the latest evidence of renewed interest in so-called "multifactor" authentication within the banking industry, which is struggling with an epidemic of sophisticated online identity theft scams, according to Judy Lin, executive vice-president for VeriSign's security services.

By Paul Roberts at MicroScope.

[ Read more ]




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