Online Security Moves a Step Ahead

Rachiyta JainCyber SecurityLeave a Comment

So many people around the world have not yet stopped gaping at two factor authentication process while a US based start-up company uQontrol has already introduced a three factor authentication and taken online security to an all new level.

Physically the Qkey is similar to a usb stick with an embedded EMV chip (as used in credit cards and debit cards) embedded on it. The Qkey offers a storage capacity of 4GB where the user details are stored through a dedicated browser interface. A strong master password forms the first factor of authentication, an OTP forms the second factor and to confirm a payment process the key needs to be physically tapped thus completing the third factor.

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Qkey will help prevent online frauds and increase security greatly. 3 wrong password entries would render the key unusable. Each Qkey is unique to a user. A general question that rises in every human mind is what if one forgets his password. In such a case the Qkey would need to be reset by uQontrol which is a pretty long process because of the need to authenticate properly every caller making such a claim.

Along with online security, the Qkey also enhances ones online shopping experience by feeding details like credit card information, preferred websites and shipping information before-hand which saves a lot of time. The Qkey also connects to mobile using built in NFC[1].   As of now the Qkey works on Windows interface both on mobile and laptops however uQontrol has promised to soon make it compatible with MAC, Android and iOS.

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The Qkey is only available in US markets till now but not long before Qkey or a similar technology makes way through Indian markets. With serious concern about online security and online frauds around the world such a thing would definitely be a tool many would be willing to try.

 

[1] NFC is a short-range high frequency wireless communication technology that enables the exchange of data between devices over about a 10 cm distance.

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