Online banking and shopping transactions often require PIN codes to authenticate users. But what if malicious parties manage to guess user PIN codes, or steal them mid-transaction? ACS helps address this security risk with the APG8202. Completely standalone, the APG8202 performs authentication not via PC, but in itself, minimizing exposure of the PIN code online.
We will also be posting a series of demos that show the additional layers of security that the APG8202 enables for banking and payment transactions, i.e. authenticating users through smart cards and PIN codes; enabling digital signatures; and generating secure one-time codes.
The banking sector is one of the most targeted victims of fraud-related incidents that have emerged along with the advancement of technology. These attacks, often performed by hackers and/or phishers by stealing confidential information through increasingly sophisticated methods, generate huge losses and cause distress and worry among end-users. However, these incidents can be prevented by employing certain measures needed to strengthen system security. In this regard, the APG8202 PINhandy 2 OTP Generator addresses such needs.