A&L to adopt two-factor authentication

SecureID token

It looks like the move to two-factor authentication for online banking seen in the Asia-Pacific region is started to arrive in the UK, as the Alliance & Leicester has just outlined plans to issue two-factor authentication devices to its e-banking customers.

No timescales have been announced, and the bank hasn't said which type of two-factor authorisation technology it is planning to use.

According to the Silicon newswire, however, APACS is developing a two-factor authentication system, so it may be that A&L is jumping the gun in "announcing" its plans.

As I reported earlier, Lloyds-TSB has already pilot tested a range of two-factor authentication devices with around 30,000 of its customers and a little bird tells me that RSA's SecurID system was popular.

My money is therefore on APACS going down the SecurID route for all UK mainstream financial institutions. Time to buy some RSA Security shares maybe?...