I wish. It would be great if we could make the password a thing of the past, but alas we are still reliant on this old school approach. The password as we know it will eventually be a thing of the past, and multifactor authentication will evolve with it. One of the better articles I have read in the past year on this topic is, Kill the Password: Why a String of Characters Can’t Protect Us Anymore. The article explains how Mat Honan, a senior writer at Wired, had his entire digital life destroyed in the span of an hour. This is a highly relevant topic for banks as customers continue to make use of the good old password. What's next? Capital One has taken a crack at replacing the password with a swipe gesture, a concept I have been talking about for some time now. Is it foolproof? Let's be clear - nothing is foolproof. If it was built by humans it can be breached by humans. With that said, progress is a good thing, and we are starting to move beyond classic authentication. Mobile is very much a catalyst for this.