What are the problems and limitations of current technologies used to secure online banking and e-commerce?
DF. Well, the biggest problem today is probably that there is no 100 percent safe mechanism to prevent clients being misled by criminals into giving away critical information. The illusion that standard technology can offer clients a ‘safe haven’ to operate on the net has then proven wrong. This has led us to take special actions to safeguard the transactions themselves, and not just focus on our clients’ interactions with us. LK. Static mechanisms such as passwords are weak – if the password becomes vulnerable, the door is open. The next level is to have the password generated per time. This requires hardware support and can take place in format of symmetric (shared secret) or asymmetric keys (PKI). The main challenge for all of these mechanisms is that if the authentication is used only to open the session, the man in the middle can come into the already opened session. Thus the transaction confirmation is of essential importance in addition to the proper customer authentication at s
