20 July 2018

44975

Retired Member

3,615Posts 14,172,635Views 4,515Comments
Whatever...

Whatever...

A place to share stuff that isn't at all fintec related but is amusing, absurd or scary.

Identity, Authentication Will Be Important To Rebuild Trust

06 January 2009  |  3602 views  |  1

I'm actually on holidays and of course I come across those fingerprint biometric readers which are being fooled with special tape enabling travelers to perhaps use your identity along with your fingerprints. Terrorists, prostitutes and all manner of criminals continue to roam the world using other people's identities. Good idea that one, just ask the Japanese.

So much for those biometric fingerprint scanners they spent millions on at the airports.

SSL has also been broken. That's right, hackers can fools your customers into believing they are on your genuine online banking site, padlock and all. And that's the least of it.

Not good news for online banking.

This year will be an interesting year for identity and authentication. Currently it looks like there isn't any identity, with passport skimming, SSL spoofing and even biometric fingerprint readers fooled, leaving all current identity schemes virtually worthless.

It's getting boring that technology has become so predictable.

It isn't going to be easy rebuilding trust using dodgy gadgets and snake-oil.

I'm back to my holiday and hoping the bottles for the new vintage will have arrived by the time I get back. Something to look forward to.

I predict it will be a very good year.

TagsSecurity

Comments: (1)

John Bullard
John Bullard - BullardCo - London 07 January, 2009, 17:43

Dean;

Yes, interesting times...

Strong issuance processes, a contractual framework for managing the liability flows, immediate online validation, a blend of global and local regulatory oversight,  a highly scale-able/distributed model, and the ability to split the application from the underlying ID&V...these are all attributes vital to a sustainable and resilient ID & Authentication trust model......rock on....

Enjoy your holidays,

Best wishes

John G Bullard

 

Be the first to give this comment the thumbs up 0 thumb ups!
Comment on this story (membership required)

Retired's profile

job title
location
member since 2014
Summary profile See full profile »

Retired's expertise

Member since 2009
3596 posts4,515 comments
What Retired reads

Who's commenting on Retired's posts

Pooja Golakonda
Behzod Sabirov
Ketharaman Swaminathan
Melvin Haskins
James Treacher
Kenneth Marritt
Mark Santall
Alexander De Lange
Graham Seel
Kishore Meda
Willem Lambrechts