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Joe Sixpack and Security Tokens
Eric Norlin asks whether anyone else believes “Joe Sixpack in Ogallala, Nebraska [will whip] out his USB token to encrypt and secure his online banking transaction.” This is in response to recent comments by Dave Steeves of Microsoft on using USB security tokens to secure online transactions. Eric, for the record, I’m with you. Further, I’m wondering whether the security of online transactions is even that big of a deal at present. Phishing, pharming, and Spam fraud seem to be much more likely to separate Joe Sixpack from his dinero.
Posted by windley on June 14, 2005 10:17 AM
Comment from tomatolord at June 22, 2005 7:14 AM
JSP WILL have to care and probably rather soon.
If these financial institutions really thought that there online services were securely protected doing what they currently do (no certificates) then why would they spend the $$$ to implement a program such as this.
Companies are VERY reluctant to talk about any breaches they have or anticipate.
You have to remember that JSP IS the weakest link in the system or maybe its the $10 delivery guy that "accidently" loses the tapes.
I think there are 2 main issues.
1 - The bank has to protect itself from JSP
and
2 - the banks anticipate a growing trend to phish end users and their information
tomatolord