Multifactor authentication can provide a safer online environment for customers of major banks which deal with concerns about consumer confidence. Unisys financial services managing partner Rob Dewar said more controls should be implemented to authenticate the identity of customers conducting transactions on the Internet. Frost & Sullivan analyst James Turner said the federal government is reviewing the use of smartcards and similar technology, and described Dewars comments as timely. Smartcards do not have the same level of privacy concerns as biometrics, Turner said.”]
Source: https://www.csoonline.com/article/2119951/australian-banks-tackle-multifactor-authentication.html