Out-of-band authentication is a smart way to go, says PhoneFactor.com’s Steve Dispensa, chief technology officer. Multifactor authentication means asking the user who is authenticating to prove his or her identity more than one way. Multipactor authentication can be applied to virtually every transaction you do, he says. He says it’s critical to evaluate layered security approaches, including current online banking applications, to identify existing vulnerabilities and areas where additional layers of authentication should be added.”]
Source: https://www.cuinfosecurity.com/authentication-what-works-what-doesnt-a-3823