Despite all major banks in Sweden strictly requiring 2-factor authentication, 82% of Swedes between the age of 16-74 use internet banking[0]. Are there really that many users who are scared away by it? Perhaps Canadians are less tech-savvy in general than Swedes?

Personally I'd be scared away from internet banking if my bank had a weak password scheme - and I remember that was the kind of comparisons made between banks by the consumer magazines when internet banking showed up in the late 90's - "which is more secure".

[0] And between 65-74 years, the number is still 60%! http://epp.eurostat.ec.europa.eu/tgm/table.do?tab=table&init...