VeriSign launches two-factor authentication for the masses

VeriSign yesterday unveiled its plans for an authentication network which will address financial industry regulations and bring two-factor authentication to millions of people. Yahoo and eBay have both already signed up to the service. In what was the highlight announcement of the first day of the RSA Conference, VeriSign has officially launched the VeriSign Identity Protection network with a promise from eBay’s Paypal unit to put authentication tokens in the hands of a million users within three years. Users will be able to sign in to Yahoo, eBay, and Paypal services using a single one-time password token. VeriSign’s service will verify the passwords are genuine before users are able to log on. The service will be optional, marketed at users concerned about fraud and identity theft.

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