Topic summary
SecurID

Extracted from the Wikipedia article RSA SecurID.
Theoretical vulnerabilities
SecurID authentication server tries to prevent password sniffing and simultaneous login by declining both authentication requests, if two valid credentials are presented within a given time frame. This has been documented in an unverified post by John G. Brainard. If the attacker removes from the user the ability to authenticate however, the SecurID server will assume that it is the user who is actually authenticating and hence will allow the attacker's authentication through. Under this attack model, the system security can be improved using encryption/authentication mechanisms such as SSL.