Mobile Services: What You Should Know When You Access Your Online Accounts
Will mobile services become more user-friendly? In a recent announcement, 2 of the 3 largest banks in Singapore are taking the lead to remove physical dongles from their services starting next year. This means that the fuss of owning multiple authentication dongles is finally over. A quick overview of the latest announcements from the major banks in Singapore (as of April 2017): DBS: The issuance of physical tokens will cease to distribute by second quarter of 2018 OCBC: Biometrics authentication is under consideration UOB: Expanding digital tokens for its Internet banking users by the end of 2017 4 Ways to Reduce Expenses and Lower Your Monthly Bills What are physical dongles in mobile services? Physical dongles, or commonly known as security tokens, have been around for the last decade or so. These dongles have been commonly used as part of the 2-step verification process for our online transactions. Many of us are familiar with these dongles either from our banking or government services such as the OneKey token for Singpass. Specifically, dongles generate unique keys to unlock software functionalities through a cryptographic protection mechanism (usually an asynchronous password or a one-time password). To put it simply: Terms What We Mean Dongles Plastic [...]
The post Mobile Services: What You Should Know When You Access Your Online Accounts appeared first on The New Savvy.
