Have you registered for OneKey?

With so many threats watching every transaction online, SSL and password is no longer considered as safe combination to secure the communication and authenticate the user. Many organization currently implements 2FA (2 Factor Authentication) to increase authentication security.  2FA adds 1 more factor of authenticating individual from originally only the password “something you know” with other factor “something you have” such as token,  phone number or “something you are” such as finger print, or biometric.

In Singapore, 2FA is mandatory for any e-banking transaction. So, if you own many bank accounts in Singapore with e-banking facilities, you may end up carrying many token device.
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This list will grow when the government will beef-up online transaction security and make 2FA mandatory for all online service provider. I can not imagine how many more token should we bring in the future when 2FA become mandatory in the future.

Fortunately, there is on-going initiative by government to provide National Authentication Framework (NAF) for online services in Singapore. This initiative provides common 2FA framework for online service provider and OTP (One Time Password) token for all population in Singapore – called OneKey. There are growing list of provider who have implemented NAF such as SGX, NTC, ST Electronics and many more. May be in the future we only need to bring 1 token to access any online service in Singapore, who knows?

So, if you would like to protect your current or future online transaction – just request your OneKey here. (or may be you just want to collect for your geek stuff?)

February 6, 2015 · cakriwut · No Comments
Posted in: Financial Planning, Singapore, Society

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