PhoneFactor is one company that is gaining traction with two factor (strong) authentication based on mobile devices.
"One thing Twitter should be looking at now is for any account which is verified to have a two factor log-in process, " he told the BBC.
All this leaves one to wonder if two factor authentication, an added security measure Twitter seems to be exploring, will be deployed sooner rather than later.
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If businesses choose, they can opt for single-factor authentication, though two-factor security is also an option -- as unique as the veins in your palm are, it's still possible for the reader to register a false positive.
Two-factor authentication requires you to confirm your identity with two separate things.
To address these needs, this product includes a fingerprint reader and smart card reader for effective two-factor authentication.
We all know by now that two-factor authentication drastically increases the security of an online account.
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Some banks, for example, have begun offering two-factor authentication, but many more have not.
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But McCoy also argues that two-factor authentication will nonetheless take a big bite out of cybercrime.
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Luckily, users with the new two-factor authentication feature enabled would seem to be immune to the attack.
Mr Ferguson noted that as Twitter remained a free service supported by advertising, two-factor authentication could prove costly.
Cloud storage services with two-factor include Dropbox, Google Drive and Microsoft's Sky Drive.
Still, mobile malware as a whole is growing, and two-factor authentication is increasingly being used to defeat traditional security schemes.
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Google has, in the wake of such public failings, began pushing its two-factor authentication with a pretty heavy hand.
In addition to capturing regular passwords, man-in-the-middle attacks can be used to intercept one-time passcodes offered by traditional two-factor authentication systems.
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Gmail and Yahoo both offer two-factor authentication, but Outlook currently does not.
He also says you should use two-factor authentication on your Gmail account.
When it comes to your important online accounts, one of the most effective security measures you can take is turning on two-factor authentication.
McCoy is right: No technology can offer absolute security, and two-factor authentication could be a huge improvement to the security of the cloud.
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If two-factor authentication becomes ubiquitous and the cybercriminal industry continues to shift its attention to smartphones, this obscure angle of attack might just catch on.
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Specifically, there have been calls from security professionals for two-factor authentication.
For best protection, Ozancin recommends two-factor authentication3: adding an additional security mechanism to the password one such as a smart card or an encryption key pair.
Two-factor authentication works by requiring that anyone who wants to gain access to something possess not just a password or login, but also some physical object.
On Facebook, for example, two-factor authentication is triggered when users try to log in in an unexpected way, such as from a computer in a different country.
But when I asked Bruce Schneier, an encryption guru who has written negatively about two-factor authentication in the past, he was surprisingly upbeat about the new feature.
Two-factor can be a hassle to use and will take some getting used to, but it's a small inconvenience to avoid the much larger, more devastating inconvenience of being hacked.
Google announced last week, for instance, that it will offer two-factor authentication on many of its online services, and may make the service open source and available to other companies.
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Facebook has its own two-factor feature called login approvals.
Not every user will want two-factor authentication, of course.
The "two-factor" verification system, which will be optional, asks users to register a phone number, e-mail account and six-digit code that would have to be entered, via text message, each time they log in to the site.
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