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The WiKID Blog

Viewing posts tagged Phishing and Fraud

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.

spam-and-the-fortune-1000

There is an interesting article on the Register about bots in large company networks. I always assumed that the massive bot armies of spammers and phishers consisted of the PCs of unsophisticated home users. I think this has tremendous implications. If you're PayPal and Oracle is sending PayPal spam, can you do something about it? Yes, I think.

banks-seek-tighter-security-from-vendors

According to today's WSJ, 6 big US banks and BITS will announce security standards for their vendors. This action shouldn't come as a surprise, since the banks are essentially following in the footsteps of VISA and Mastercard and their CISP/PCI standards that attempt to secure the credit card industry - especially since the banks own VISA and Mastercard.

security-issues-with-googles-anti-phishing-tool

There is a great post by Nitesh Dhanjani over at O'Reilly about his security concerns about their Safe Browsing for Firefox extension.

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