Two cards containing microprocessors that generate one-time passwords are being touted to Australian banks as possible replacements for tokens and passwords delivered by SMS — and one is already being trialled by Visa.
Researchers from Cambridge University have succeeded in capturing both PIN numbers and card details from supposedly tamper-proof PIN terminals using a paperclip, a needle and some wire.
SMS-delivered two-factor authentication will be dead in three years, according to National Australia Bank's general manager of technology, risk and security, Gary Blair.
Westpac Bank is set to improve its security credentials and tackle card swiping scams by issuing credit card holders with chip-embedded smartcards.
SMS-based two factor authentication has been touted as a way of improving online banking security but Westpac's head of information security disagrees.
New Zealand pulls a first in Australasia with its wireless EFTPOS via CDMA now available to retailers.
What's holding back smart cards from widespread use in Australia? Could it be that vendors haven't found the applications consumers really want?
The Commonwealth Bank stands alone as the only top tier bank in Australia with its sights on biometrics as a means to improve security for its customers -- but critics say the technology is still too young.
What's holding back smart cards from widespread use in Australia? Could it be that vendors haven't found the applications consumers really want?
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Adobe Systems has announced it's partnering with search giants Google and Yahoo to increase the quality of sea… Watch it now
In the second part of his interview, Defence CIO Greg Farr talks about outsourcing, the skills crisis and reveals his most urgent IT priority.
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