Bank Info Security posted a story suggesting that the Comerica/EMI lawsuit will bring security to the forefront. It's about time. Usernames and Passwords should have been eliminated long ago. We say it's time to authenticate the online banking session the same way you authenticate an ATM transaction. Swipe your Card and Enter Your PIN. Talk about secure. Our technology 3DES DUKPT End-to-End-Encrypts the data at the mag-head thus preventing the data from EVER being in the clear. If it's trusted to dispense $200.00 at 2:00 in the morning 2000 miles away from home, it can be trusted to authenticate the online banking session.In fact, it's even safer. No threats from skimming devices or hidden cameras come into play. By eliminating typing you eliminate the behavior that makes for a phishing environment. What good would it do to "lure" a consumer and tell them to type their username and password if they banked at an institution that instructed them to swipe their card and enter their PIN? Want to be the leader in online banking? Be the leader in online banking security first. The worlds only PCI 2.0 Certified PIN Entry Device designed specifically for eCommerce use.
Industry Experts: 'This Litigation Raises the Stakes'
| Banking/security leaders continue to debate the merits of the lawsuit between Dallas-based Comerica Bank and its customer, Experi-Metal Inc. (EMI), a Michigan-based metal supply company that claims the bank exposed its clients to phishing attacks. But already industry analysts say there are some key lessons learned that other institutions can draw from this case. Read Entire Article |
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