Tag Archives: pin

Made in IBM Labs: Two-Factor Security for Mobile Transactions

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ZURICH – 18 Oct 2013: IBM scientists have developed a new mobile authentication security technology based on the radio standard known as near-field communication (NFC). The technology provides an extra layer of security when using an NFC-enabled device and a contactless smartcard to conduct mobile transactions, including online banking and digital signatures when accessing a corporate Intranet or private cloud.

According to a recent report by ABI Research, the number of NFC devices in use will exceed 500 million in 2014. This statistic and the fact that 1 billion mobile phone users will use their devices for banking purposes by 2017* make for an increasingly opportune target for hackers. (more…)

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Eye-tracking could outshine passwords if made user-friendly

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It’s a wonder we still put up with passwords.

We forget our highly secretive combinations, so we frequently have them reset and sent to our cellphones and alternative email addresses. We come up with clever jumbles of letters and words, only to mess up the order. We sit there on the login screen, desperately punching in a code we should know by heart.

Despite their inefficiencies, passwords are still the most common electronic authentication systems, protecting everything from our bank accounts, laptops and email to health information, utility bills and, of course, our Facebook profiles. While fingerprint- and eye- and face-recognition authentication technology is progressing, these biometric security systems haven’t yet gone mainstream. (more…)

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