RealNews

Increase security, banks urged

Banks should shift from password-based authentication to digital certificates and digital signatures to help prevent financial fraud, said Badrul Hisham Mahari, chief executive officer of MSC Trustgate.com Sdn Bhd. In a recent press briefing, he said forgery and fraud-based spam were the fastest-growing Internet threats. However, local banks still rely on traditional PINs (personal identification numbers) and passwords for online banking, which Badrul described as inadequate for ensuring Internet banking security. While local banks currently use server certificates, they have yet to embrace digital certificates (sometimes referred to as browser certificates, personal certificates or digital IDs). Server certificates allow websites to encrypt webpages, but that is not enough as it provides no proof of the identity of the sender of the encrypted information, Badrul said. Full Story

OODA Analyst

OODA Analyst

OODA is comprised of a unique team of international experts capable of providing advanced intelligence and analysis, strategy and planning support, risk and threat management, training, decision support, crisis response, and security services to global corporations and governments.