One Time Password – Deal with SuperiorSecurity to Static Passwords
One-TimePassword (OTP) Authentication products generate highly secure one-timepasswords making certain only properly authenticated users are authorizedaccess to critical applications and knowledge.
LogmeOnce authenticators can be found in both time- and event-based versions,never expire, and wish no battery replacements. Additionally they comply withOATH standards and therefore are ideal for remote access solutions.
Onetime password canonly be utilized once, throughout a very small amount of time. They providesuperior security to static passwords. Static passwords tend to be moresusceptible to unauthorized use simply because they remain constant, andtherefore are therefore valid for some time.
One-time password systems provide a mechanism for logging onto a network orservice utilizing a unique password, which could only be used once, because thename suggests. Jet Ski from some forms of identity theft by making sure that acaptured user name/password pair cannot be used a second time. Often the user’slogon name stays the same, and the one-time password changes with every logon.One-time passwords are a form of so-called strong authentication, providingmuch better protection to on-line accounts, corporate networks along with othersystems containing sensitive data.
Today most enterprise networks, e-commerce sites internet-based communitiesrequire merely a username and static password for logon and use of personal andsensitive data. Even though this authentication technique is convenient, it isnot secure because online id theft - using phishing, keyboard logging,man-in-the-middle attacks and other methods - is increasing throughout theworld.
Strong authentication systems address the limitations of static passwords by anadditional security credential, for example, a temporary one-time password(OTP), to protect network access and end-users’ digital identities.
One-time passwords can be generated often and every you have trade-offs in termof security, convenience, cost and accuracy. Simple methods for exampletransaction numbers lists and grid cards can offer a set of one-time passwords.These techniques offer low investment costs but are slow, hard to maintain,easy to replicate and share, and wish you to keep track of where they are inthe list of passwords.
A far more convenient way for users is by using an OTP token, which is ahardware device capable of generating one-time passwords. A few of thesedevices are PIN-protected, offering yet another level of security. The consumerenters the one-time password along with other identity credentials (typicallyusername and password) and an authentication server validates the logonrequest. Although this is a proven solution for enterprise applications, the deploymentcost can make the answer expensive for consumer applications. Because the tokenshould be utilizing the same method as the server, a separate token is neededfor each server logon, so users require a separate token for each Site ornetwork they will use.
More complex hardware tokens use microprocessor-based smart cards to calculateone-time passwords. Smart cards have many advantages for strong authenticationincluding data storage capacity, processing power, portability, and ease ofuse. They are inherently safer than other OTP tokens because they generate aunique, non-reusable password for each authentication event, store privatedata, and they do not transmit personal or personal information over thenetwork.
More read, http://www.LogMeOnce.com