[TriLUG] OT: lack of security at BofA

[Alan Porter]

> I would like to see elimination of direct information and access to
> accounts.  Transactions should be unique and use a one time cipher and
> authentication where processing a transaction does not give you the
> information or ability to process a future one. Something like Kerberos
> ticket authentication comes to mind.

http://en.m.wikipedia.org/wiki/Secure_Electronic_Transaction

Developed by the card services in 1996. Never went anywhere.

Ugh

- alan