Avivah Litan Quotes

The government initiative gives a clear and loud wake-up call to a procrastinating U.S. banking industry that has not moved beyond relying on single-factor reusable password authentication.

- Avivah Litan

Tags

Government | Initiative | Clear | Loud | Wake |

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For the criminal, this is the pot of gold. - Avivah Litan

And remember who sponsors this survey. - Avivah Litan

[Indeed, consumer financial fraud has been around as long as checking accounts and credit cards, and banks already do plenty to stop fraud. But e-commerce has opened virgin criminal frontiers.] In the past, everything was much more traceable... Now you can open 10,000 (bogus) accounts in the time it used to take to open one, all in a faceless Internet. - Avivah Litan