To review, the 3 factors of authentication are referred to as: something you know, something you have and something you are. Today, in part 3 of this series, we'll talk about the failure of the second factor of authentication, "something you have". Here are links to parts 1 and 2 of the series.
While not the oldest form of authentication, this factor of authentication has been around for a long time. Think about a key, or perhaps some kind of scroll with the symbol from a leader, or even the sword in the stone! A driver's license, ID card, credit card or passport is also something you have. These are all things someone can have and can be used identify them or grant access.
Today, the term "2-factor authentication" can the use of any two different factors of authentication. But most commonly it refers to the combination of password or PIN that you know, with a single use 6-digit number from some kind of token.
Here are the three most common single use string/token delivery methods: