08 Oct '11, 2am

Clutter of password tokens here to stay?: By Irene Tham, Technology Correspondent The Government's upgraded nati...

Clutter of password tokens here to stay?: By Irene Tham, Technology Correspondent The Government's upgraded nati...

IDA's OneKey device will secure e-transactions across all participating service providers. -- PHOTO: ASSURITY By Irene Tham, Technology Correspondent The Government's upgraded national system for securing e-transactions has met with mixed reactions from banks here. Two of the largest banks, DBS and UOB, told The Straits Times they have no plans to outsource the management of security tokens to a subsidiary of the Infocomm Development Authority (IDA). But OCBC Bank, Maybank and Standard Chartered said they are evaluating the option. The IDA's upgraded device with a keypad, called OneKey, will be given to every citizen for free as early as next month to secure e-transactions across all participating service providers like banks and government agencies. This is to counter a growing number of sophisticated hacker scams that steal e-banking usernames and passwords. Please enabl...

Full article: http://www.straitstimes.com/BreakingNews/Singapore/Story/...

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