10. U.S. Banks and Two-Factor Authentication
When it comes to online banking and information security, Europe is seen as decades ahead of the security provided by banks in the United States. Two-factor authentication is widely deployed by banks in the EU, but it is only beginning to see adoption in the U.S. where banks have apparently been grappling with the cost of the technology versus the cost of the losses. But as basics such as usernames and passwords become increasingly vulnerable, this dialogue apparently spurred some banks to take further action, using either hard tokens or soft tokens to leverage the users' smart phones and variable numeric codes for one-time use.