Second-factor authentication: A need or a want?
Second-factor authentication: A need or a want?
With online transactions becoming an inherent part of our lives, second-factor authentication (2FA) is more than just a need. Authentication is critical in the use of online services in sectors like banking and finance, or government and healthcare.
In 2005, the Monetary Authority of Singapore (MAS) was galvanized into issuing directives to encourage banks to adopt 2FA for Internet banking in order to deflect Cybercrime. From as early as 2003, there were reservations about the security of Single-Factor Personal Identification Numbers (PINs). It was clear back then that in an increasingly challenging security landscape, Single-Factor Authentication, such as a simple password protected login to access services or data was not an adequate measure.
How does Second-Factor Authentication help?
Second-Factor Authentication (2FA) reduces the inherent risk of losing valuable personal information by combining “what you know” such as a password PIN, with “what you have” such as a hardware e-token; or “who you are”, which is biometric data such as a fingerprint.
Users are required to not only enter their own passwords to prove their identities; they must also produce another source of identification that will continually authenticate with the company’s servers as well.
In 2005, the Monetary Authority of Singapore (MAS) was galvanized into issuing directives to encourage banks to adopt 2FA for Internet banking in order to deflect Cybercrime. From as early as 2003, there were reservations about the security of Single-Factor Personal Identification Numbers (PINs). It was clear back then that in an increasingly challenging security landscape, Single-Factor Authentication, such as a simple password protected login to access services or data was not an adequate measure.
How does Second-Factor Authentication help?
Second-Factor Authentication (2FA) reduces the inherent risk of losing valuable personal information by combining “what you know” such as a password PIN, with “what you have” such as a hardware e-token; or “who you are”, which is biometric data such as a fingerprint.
Users are required to not only enter their own passwords to prove their identities; they must also produce another source of identification that will continually authenticate with the company’s servers as well.
Comments
roll forming machine
forming machine
pipe welding line
cut to length line
slitting line
. One time back plate collects within periodontal, gums and teeth can family room allowing the gum line so that you can reduce ones own strong green ambiance, as well as which causes trouser pockets or simply holes within the nicotine gum together with the teeth enamel.
pes of wedding cake toppers to pick from. Designer Wedding Dresses." />
Shopping CartAdd comment
Recent popular content
EI ad Tab
Growth, Agility and New Business Capabilities
Cisco enables the world of many clouds – private, public, and hybrid. We offer a portfolio of cloud services and solutions that uniquely bring together the intelligence of the network, the power of the data center, and the flexibility of applications. The result is a compelling, assured, and consistent user experience with every service delivered from the clouds, anywhere, any time, on any device.
Greenpeace: HK datacenters lack the renewable energy option
Datacenters in Hong Kong can never become greener as the local government is lukewarm to the use of renewable energy, said Greenpeace during an interview with Computerworld Hong Kong on Monday...
Just how much does a 10 percent increase in data usability equate with sales? The retail industry reported the maximum average increase of nearly 50 percent in sales per employee for a 10 percent improvement in data usability. Full Story
Behind the trend on Big Data, cloud, mobile and consumerization is something even more important in the long term: business users are becoming more aware of how they can make better decisions with data.
Full Story
adv
White Papers More
If the transition to new technologies has been deferred too long, your company may start experiencing hidden costs. Understand the true cost of keeping your aging IT infrastructure to make more
This white paper discusses in detail Android.Opfake, malware written for Android devices that use dummy sites that demand payment for applications or content through Short Message Service (SMS)
This paper explores what your organization could do with faster, better answers, and provides possible use case scenarios that illustrate the value this technology brings to a variety of
Case Studies More
As mobile phones are now widely used in Singapore, ComfortDelGro decided to implement the Short Message Service (SMS) taxi booking service. The transport company picked the JBoss Seam-based solution
Mount Alvernia Hospital (MAH), a 303-bed general hospital in Singapore, implements an open source Bed Efficiency and Management (BEAM) system which allows the hospital to better manage admissions,
With a virtualized server and desktop infrastructure in place, Singapore Institute of Technology (SIT) will be in a position to quickly ramp up resources when needed, and also provide students with
adv
Content Sponsor
 |
 |
|
 |
 |
|
 |
 |
|
 |
||
Sitemap
tiffany and cocheap
tiffany and co
cheap tiffany
buy tiffany
tiffany online
tiffany outlettiffany charm braceletdiscount tiffany jewelrytiffany and company necklacecharms wholesale
tiffany accessories for sale