Thursday, March 11, 2010

One Time Password's "Time Drifting" Problem Results in Rejected Passwords

Out of time banking tokens

Faulty timing results in rejected passwords

Conditions such as air pressure and humidity have caused tokens similar to those shown here to suffer a phenomenon known as 'time drift', when the time on the token goes out of sync with the bank system's time. -- ST PHOTO: AZIZ HUSSIN



A TIMING issue has led to problems for some online banking customers who use one-time password tokens to log into their accounts.



The problem, a phenomenon known as 'time drift', prevents the tokens from generating the right passwords.  Since their introduction in late 2006, banks have issued hundreds of thousands of the thumb-sized devices, designed to make online transactions more secure.



Read the full exclusive in Thursday's edition of The Straits Times.

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