PHOENIX - (02/08/06) -- Consumers don't have to wait fortheir credit union or bank to implement multi-factor authenticationfor online sign-on. GuardID Systems, a privately held Hillsborough,Calif., company, unveiled a new multi-factor authentication token,a USB smart card,, called ID Vault, at the DEMO 2006 Conference. IDVault is the first multi-factor authentication system availabledirectly to consumers. The ID Vault is based on smart cardtechnology and plugs into any Windows PC USB port and works withthousands of credit unions and banks, according to the company. TheID Vault will be available later in the first quarter of the yearand wll be sold at major retailers like CompUSA and Best Buy with asuggested retail price of $49.99.
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Threat group ShinyHunters claimed responsibility for the attack, which reportedly targeted third-party platforms rather than Betterment's own systems.
February 6 -
Artificial intelligence developments are stoking investor fears about software companies. Banks' limited exposure to the sector and general stability is proving attractive to investors.
February 6 -
Prosperity Bancshares finalizes the second of three acquisitions it's announced since July; Sumitomo Mitsui Banking Corporation appoints a new chief information security officer for its American operations; Huntington Bancshares, Third Coast Bancshares and Heritage Financial completed acquisitions; and more in this week's banking news roundup.
February 6 -
Fintech and crypto groups said in comment letters to the Federal Reserve that the proposed "skinny" master account is too limited and could keep firms dependent on banks. Banking groups asked for more time to comment.
February 6 -
Federal Reserve Vice Chair Philip Jefferson said in a speech Friday that long-term productivity gains brought on by artificial intelligence could compel the central bank to maintain higher rates to keep prices stable.
February 6 -
While the e-commerce giant has deemphasized the technology, banks and payment firms are testing the biometric option.
February 6





