In the News
Why I want to bank on my brain and not biometrics
First the good news. Passwords are finally being shown the door by some major retail banks. The bad news is that for many, the new choice is a biometric-based system. But I do not believe they have a place in authenticating us as customers. I want to use my brain when I bank, and not a biometric.
PINgrid selected by law firm
With a view that passwords should not feature in future of its security and authentication procedures, the IT department at TaylorWessing took an innovative step to find a strong two-factor authentication (2FA) solution. In the past, the IT department at TaylorWessing had trialled hard-tokens, but these proved extremely unpopular with partners of the law firm, who did not want to carry them everywhere.
Ending the trade off between protection and convenience in online banking
Whenever there is talk about security in retail banking, it is often argued that there needs to be a trade-off between the level of protection that is offered and the user experience. Earlier this week the consumer group Which? published a report looking at the security of the top online banks and ranked HSBC in third place. However, when it launched its secure keyii back in August 2011 customers were not happy about the added layer of complexity.
Username and password authentication borders on negligence in mobile banking
Earlier this week the Financial Conduct Authority announced that it will be publishing a full report in to mobile banking early next year, by revealing its initial findings and the potential risks to consumers concerning fraud, cybercrime and user error. In an article published by the BBC, the Director of Supervision at the FCA, Clive Adamson, states that: “With the market growing, now is the right time for us to take stock and, as part of the FCA’s forward looking approach, to ensure that consumers are appropriately protected.”
A password that you won’t forget, but always changes
“Changing passwords is a nightmare for everybody, it always prompts you to change them at the most inconvenient time. With PINgrid we’ve designed a system that all you remember is a pattern, a simple shape that actually works very for human beings.”
Change your password on National Password Day?
Backed by companies including Microsoft, Intel and LastPass, the initiative follows on from stories where “hackers have leaked millions of passwords from sites like Facebook, Yahoo!, and Google”. The website offers basic advice on password security for consumers, but comes after the Heartbleed bug, which may have affected two-third of global websites and compromised millions of passwords.
Say goodbye to ‘123456’, as passwords go high-tech at CeBIT 2014
Internet users may before long have a secure solution to the modern plague of passwords, in which they can use visual patterns or even their own body parts to identify themselves.
Developers at the world’s biggest high-tech fair, CeBIT, say that one of the biggest frustrations of having a smartphone and a computer is memorising dozens of sufficiently airtight passwords for all their devices and accounts.