Mutual online authentification to protect against spoof websites
CHICAGO – Current practices in online banking authentication do not protect the individual customer against spoofed websites, according to Jeffrey Friedberg, the director of Windows Privacy at Microsoft.
"Authentication is effectively one way: while banks challenge customers for credentials, the reverse is not true. Even second factor authentication does not help the user understand the bank.
"With so many spoofed sites out to deceive internet banking users, customers should be able to understand the bank. The current methods are insufficient to effect mutual authentication," he says.
Mutual authentication could help reduce fraud losses in what he called the "internet fraud battlefield". Speaking
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