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yet another Microsoft blogger

# Friday, August 22, 2008

Wells Fargo launches Secure Online Storage with Two-Factor Authentication

image Hot on the heels of my post on Two-Factor Authentication, it appears that Wells Fargo is getting into the Cloud Storage business.

Their product, Wells Fargo vSafe, is part of your Online Banking account. It is a for pay service with the following pricing:

  • 1GB - $4.95 a month
  • 3GB - $9.95 a month
  • 6GB – $19.95 a month

Additionally, they are offering customers the option to sign into their vSafe accounts using what they call Advanced Access, aka Two-Factor Authentication using either:

vSafe has some nice features like:

  • Your Wells Fargo statements can get automatically archived in vSafe
  • Backup of your data
  • Geo-Redundancy

The only downside to this is that I cannot use my VeriSign VIP Token with WellsFargo since RSA SecurID and VeriSign do not interop. Personally I don’t want two dongles. Meanwhile the VeriSign VIP Token seems more widely supported (PayPal, eBay etc).

I think this is great news, and I fully expect that security will start to play a larger role in the coming years as companies start to compete based on their security offerings.

 

Saturday, September 13, 2008 8:41:21 AM (Pacific Daylight Time, UTC-07:00)
Omar, a very interesting post, I read all your stuff, and I am also testing your new version of dasBlog comments etc.
Thx
Tom
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