A directive from federal banking regulators is expected to boost the market for two-factor authentication products.
By Priya Ganapati
October 21, 2005
For security startups in the business of offering authentication solutions, a recently issued letter by a U.S. government agency urging banks to take greater measures to protect online customers could result in a big boost in business.
The Federal Financial Institutions Examination Council recently sent a letter to banks asking them to use a more demanding identification system known as two-factor authentication.
The directive could mean big business for security startups serving financial institutions, executives said.
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