A rise in credit card transactions via the Internet, phone and mail-order is prompting card heavyweights to promote tougher security standards for transaction data, according to MasterCard.
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.
SMS-based two factor authentication has been touted as a way of improving online banking security but Westpac's head of information security disagrees.
MasterCard has announced the first trial of its radio frequency identification (RFID) credit card technology in Australia, which allows card-holders to make small payments without supplying a signature or personal identification number for verification.
MasterCard International is expecting to make available to Australian banks in the first or second quarter of 2003 new technology designed to minimise credit card skimming, executives said this week.
To many, the name Kevin Mitnick is synonymous with "notorious hacker." We talk to him about software security, the evolution of hacking and social engineering, and law enforcement's action against hacking.
History of British PCs
The cash-strapped UK National Museum of Computing is home to an exhibition of the evolution of British PCs.… Watch it now
In this exclusive video interview, Optus chief information officer Lawrie Turner speaks to ZDNet.com.au about being the IT head for Australia's number two telco.
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