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The WiKID Blog

Viewing posts tagged Mutual Authentication

embedding-wikid-two-factor-authentication-in-your

One of our customers, Online Banking Solutions offers banks and financial institution software for commercial account management. They have embedded WiKID for two-factor session authentication and mutual https authentication in both the server side and on their optional client. The combined client facilitates the initial validation process, performs session authentication using the one-time passcode and performs mutual https authentication to prevent MITM attacks.

dhs-predicts-more-brokerage-attacks

The DHS is joining in on one of my earlier predictions: Brokerage accounts will be increasing targeted in the coming year. According to their post they are tempting accounts because they typically have more money in them. Further, typical anti-fraud transaction analysis doesn't really work because of the infrequency of transfers.

I'm convinced that brokerage accounts and other heavy transactions accounts will need cryptographically secure transaction authentication in addition to session and host/mutual authentication.

etrade-to-offer-zero-liability-accounts

Kudos to ETrade for offering a "zero liability" account. I suspect this is an attempt to foil my prediction that brokerage accounts will be increasingly targeted by phishers. (Though, to be honest, they were getting off to a good start in Q4.)

Brokerage accounts are tempting. Most people (if they have brokerage accounts) have more in their stock accounts than in their bank account or savings. It's probably harder to determine if a payment leaving the account is fraudulent. With bank accounts, phishers target a larger number of users for smaller dollars amounts. With brokerage accounts, phishers aim for bigger dollars. From the BusinessWeek article:

banks-thinking-strategically-about-security

Bank Lawyer's Blog has an interesting post about an American Banker editorial (apparently not available online) about the new FFIEC guidelines for stronger authentication for online banking.

dns-forgery-pharming-attack

Amit Klein has a post about this new DNS pharming attack against Bind, the most common DNS server on the Internet.

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