Out-of-Band Authentication
Out-of-band authentication (OOB) is one of the most popular types of two-factor authentication in the financial sector. It presupposes sending the one-time password to the user via a communication channel other than the main one, which is used for transactions on the Internet. Most often, during the OOB authentication, the OTP (One Time Password) is sent to the clients in the form of a text message via SMS or email and the company...
Microsoft Patents Hard-to-Mimic Gesture-Based Authentication
It’s hard to imagine the modern rhythm of everyday life without gadgets, to which we are so accustomed. The first computer could perform only a limited number of functions. Its length was about 17 meters, the height of more than 2.5 meters, it weighed 4.5 tons and covered an area of several dozen square meters. Half a century later multifunctional gadgets became a thousand times smaller in size and instantly perform tasks that...
Information Security – the Aspect You Should Not Save On
Not so much time has passed since the meaning of the word «computer» was familiar only to employees of certain research laboratories and information security was a concern of special services. But those days are gone. Information technologies have drastically changed our lives. Using a computer, we have a rest, make friends, work, and do shopping. Very often the cost of convenience to do a lot of things, without getting up from a...
Two-Factor Authentication in the PCI DSS Standard
The use of payment cards for the modern man has long been commonplace. But we do not always think about how extensive and complex is the work that was done by the companies which provide such services, how many diverse requirements they complied in order to give us the possibility simply to insert the card into the slot of the ATM and get our money or book the room in the internet before the vacation trip. Meanwhile, getting the right...
Selfie Based Authentication in Banking System: “Latest Fad” or Increased Protection Reliability?
It is no secret that for a long time now MasterCard has been working on solving the problem of authentication in the banking system and testing an application that would use traditional two-factor authentication to authenticate customers and authorize online purchases based on the face recognition technology and not numerical codes. In other words, to be able to pay with a credit card online, the card holder would have to take a...