Bank Botches Two-Factor Authentication
From their press release:
The computer was protected by two layers of security, a unique user-identifier and a multiple-character, alpha-numeric password.
Um, hello? Having a username and a password — even if they’re both secret — does not count as two factors, two layers, or two of anything. You need to have two different authentication systems: a password and a biometric, a password and a token.
I wouldn’t trust the New Horizons Community Credit Union with my money.