Yes they are safer for the moment - maybe. I am loathe to advise a client to equip millions of customers at fantastic expense, in fact more than they lose. I remember cloning an early one and lost interest in them after that. I assume they are more secure
now, but can they tell the difference between a trained monkey and the authorised user? I doubt consumers have really stopped writing the PIN or password down, especially where there's an ever larger number of them to remember. If what the Japanese researchers
did with the chimps is any indication the Russian mafia will be recruiting them to operate stolen Vasco cards before too long, it's only a matter of time. The analysts have voted - seen Vasco's share price? Maybe they know something we don't. The only way
is to put the consumer in the transaction, and give them a method they like. If someone could work out a way to have the password hidden in plain sight...
I have successfully guessed so many users passwords it's actually become a bore.
I finally went and did something about it, but I'll pay for an ad when I want a plug.
© Finextra Research 2018