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Is Two-Factor Authentication an example of a simple Web of Trust Network? #62

@ChristopherA

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@ChristopherA

In https://www.fbi.gov/seattle/press-releases/2013/man-in-the-e-mail-fraud-could-victimize-area-businesses the FBI advises:

"Here are some of the ways businesses can reduce their chance of being scammed by this man-in-the- e-mail fraud:

  • Establish other communication channels, such as telephone calls, to verify significant transactions. Arrange this second-factor authentication early in the relationship and outside the e-mail environment to avoid interception by a hacker.

In effect, a telephone call to verify a transaction could be considered the first of a series "web-of-trust" validations. What we are saying in #DPKI and #SmartSignatures is that a single validation up a chain to a root CA is insufficient. If we are going to do more validations, we should design more kinds of validation. This results is in a social network creation of trust, aka a "web of trust".

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