Bank Goes Beyond Passwords to Tighten Security

Mindful of phishing scams and other high-profile security breaches, Bank of America is instituting SiteKey, a second security layer that will require more than just a customer's password for online access.

When logging in, customers will see a secret image and challenge phrase from SiteKey that they selected earlier. The challenge question would involve something only the customer would know. If the SiteKey information is missing or incorrect, they might not be at a legitimate Bank of America website.

Security strategies such a SiteKey will surely become more common as financial institutions increase their awareness of security -- and as their customers demand it.

Source: CNN.com