12 Dec '11, 6am

OneKey system to make online transactions more secure

OneKey system to make online transactions more secure

SINGAPORE: A new national system called "OneKey" was launched Monday to help make online transactions more secure. OneKey is a device with a keypad the size of a name card. It's meant to replace the current system, where users receive one-time passwords via their mobile phones or token devices. OneKey was rolled out by Assurity Trusted Solutions, a subsidiary of the Infocomm Development Authority of Singapore (IDA). Assurity said existing devices are vulnerable to sophisticated hacking where personal information can be stolen and unencrypted SMSes can be sniffed out. OneKey secures online transactions by ensuring that whoever is using the system is an authentic user. And it does more than generate one-time passwords. OneKey allows users to enter details like account numbers and transaction amounts. That's an added layer of verification and a stronger defence against increa...

Full article: http://www.channelnewsasia.com/stories/singaporelocalnews...

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