Saturday, December 26, 2015
New system aims to make online banking more secure
A new system that uses images and a one-time numerical code may provide a secure, inexpensive and easy-to-use alternative to current password systems used in online banking and other such services, a new study suggests.
Researchers at the Plymouth University in UK believe their new multi-level authentication system GOTPass could be effective in protecting personal online information from hackers.
It could also be easier for users to remember, and be less expensive for providers to implement since it would not require the deployment of potentially costly hardware systems.
Researchers say the system would be applicable for online banking and other such services, where users with several accounts would struggle to carry around multiple devices, to gain access.
They also publish the results of a series of security tests, demonstrating that out of 690 hacking attempts -- using a range of guesswork and more targeted methods -- there were just 23 successful break-ins.
"Traditional passwords are undoubtedly very usable but regardless of how safe people might feel their information is, the password's vulnerability is well known," said PhD student Hussain Alsaiari, who led the study.
"There are alternative systems out there, but they are either very costly or have deployment constraints which mean they can be difficult to integrate with existing systems while maintaining user consensus.
"The GOTPass system is easy to use and implement, while at the same time offering users confidence that their information is being held securely," said Alsaiari.
To set up the GOTPass system, users would have to choose a unique username and draw any shape on a 4x4 unlock pattern, similar to that already used on mobile devices.
Labels:
Alsaiari,
GOTPass,
Hussain Alsaiari,
multi-level,
UK
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment