Security on the internet, especially when it comes to online transactions, has always been a major concern.Passwords can be stolen, phished or simply lost and hence, experts have long been trying to create a better way for authenticating ones' identity on the web.One of the ways in which security cab be upped is by introducing another layer of security over and above the username and password.This is known as two-factor authentication(2FA).It has proven itself quite effective for averting unauthorised transactions.The way 2FA takes place is pretty simple - a hardware token or a card sized device generates a code that users need to enter along with their passwords on websites.Earlier netbanking websites that had opted for 2FA security authentication,would provide these hardware devices to their customers.
VeriSign, a company otherwise otherwise best known SSL certificates and its' check sign, has brought 2FA to a new form factor - The mobile phone.Rajiv Chadha, VP, VeriSign India, gave us demo of this format at a special briefing in Mumbai.Process is very simple users have to register once and acquire a unique credential ID.This number is locked to a J2ME application that can be downloaded for free on any compatible phone.
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