On Tuesday 24 May 2005 20:52, Anne & Lynn Wheeler wrote:

> for value infrastructures that are managing and administrating
> relationships with tried & true established methodology ... then
> certificate-oriented PKIs become redundant and superfluous ... as are
> the stale static certificates themselves.

For just these reasons, many European banks experimented with
different methods, many of them created their own download
programs, some of them went with smart card trusted devices,
and others with challenge response devices.  I don't know what
the current favourite is.

For some reason that is obscure to me the continental banks
(i.e., excluding the Brit banks, don't know about the Irish) take
security seriously, and they must be sitting there worried sick
about the viruses and machine takeovers as breaching everything.

However, European banks are not beset with phishing as
yet -- although the tempo is increasing.  The US is where
the issue is, and for the most part these are online websites
protected by straight username / password access.  Some
of them are starting to roll out the C/R devices, but even
then that's only a temporary defence, which will buy them
a year +/- 6 months.  What is more interesting is that US
card associations are working as fast as they can on
creating new tokens for credit cards, and on the surface
once rolled out, they will significantly change the security
equation, leading to a weakening of the SSL position.

(Article to follow, lost in a broken MUA.)

Talking about anything like proper mutual auth techniques
is not going to be helpful simply because no bank is going
to get into these techniques, instead a series of partial
measures is going to be sold into the infrastructure, and no
infrastructure provider is really going to do more than market
these solutions, including those that are being marketed to.

Which brings us back to .... SSL.  The good news is perversely
that banks are going to rely less upon it, potentially releasing
the software base for general purpose protection (see writings
on the confusion of goals).

iang
-- 
Advances in Financial Cryptography:
   https://www.financialcryptography.com/mt/archives/000458.html
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