isoloisti writes "An article by some Microsofties in the latest issue of Computing Now magazine claims we have got passwords all wrong. When money is stolen, consumers are reimbursed for stolen funds and it is money mules, not banks or retail customers, who end up with the loss. Stealing passwords is easy, but getting money out is very hard. Passwords are not the bottleneck in cyber-crime and replacing them with something stronger won't reduce losses. The article concludes that banks have no interest in shifting liability to consumers, and that the switch to financially-motivated cyber-crime is good news, not bad. Article is online at computer.org site (hard-to-read multipage format) or as PDF from Microsoft Research."