Barclays opts for two-factor authentication

Barclays is to become the first retail bank to extend the use of two-factor authentication devices, such as RSA's SecurID system, to its retail Internet banking customers.

As I've wibbled about this system previously, a number of banks, including Barclays, are using or trialling the use of these gizmos for their business punters, but this rollout is a big one, as it involves around 1.6 million customers.

Even better, despite reports of earlier in the summer, Barclays is not planning on charging for the issue of the token devices, which is good news, considering they would normally cost about a fiver...