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NS&I to adopt two-factor security

National Savings & Investments (NS&I) will go live with two-factor authentication for some 500,000 customers of its online financial products next year.

NS&I said, "Two-factor authentication seems to be the direction towards which most of the financial services industry is intending to move."

NS&I will trial a form of two-factor authentication early in 2007 before rolling out the technology to customers who want it. It has yet to decide what type it will implement.

Of the high-street banks, only Alliance & Leicester and HSBC are planning to roll out two-factor ­authentication this year.


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