In this report, we look at three promising new ways to improve actual and perceived security for online banking login and communications:
• Securing browser communications
(keyboard encryption):
– Rapport by Trusteer
• Securing the entire browser (sandboxing):
– SafeCentral by Authentium
• Mobile alerts and one-time passwords (OTP):
– SafePass from Bank of America
But the problem with all these solutions is that they saddle the user with extra work and the bank with extra tech support. That’s why banks are unlikely to mandate their use. However, for the 20% or more of the market willing to do a little extra work for greater peace of mind, these solutions hold real promise.