State of the Art for Online Consumer Authentication
Published: 05 May 2006
Banks must move beyond simple passwords for online consumer authentication: They are no longer adequate for Internet banking. Banks need to evaluate a variety of methods to determine which provides "strong enough" authentication and better suits their customers and retail banking service offerings.
Table Of Contents
- Knowledge-Based Authentication Methods
- Simple Passwords
- Virtual Keypads
- Improved Password Methods
- Knowledge-Based Authentication
- Simple Token-Based Authentication Methods
- Transaction Number Lists
- Grid Cards
- Software-Based Authentication Methods
- Out-of-Band Authentication Methods
- Short Message Service OTPs or TANs
- OOB Authentication via Voice Telephony
- Sophisticated Token-Based Authentication Methods
- OTP Tokens
- Smart Cards With Handheld Readers
- PC-Connected Smart Tokens
- Additional Safeguards That Improve Confidence in User Authentication Decisions
- Customer Device Identification
- Transaction Anomaly Detection
- Emerging Methods
- Consumer Authentication Methods Compared
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