Malware-infected PCs have for long betrayed their users’ most precious financial secrets to internet robbers. But researchers at IBM have developed a USB device to ensure that online banking transactions remain unaffected by malware infections. The device, which is called Zone Trusted Information Channel, can also repel man-in-the-middle attacks.
It secures online transactions by establishing a direct channel to a bank’s online transaction server through a computer’s USB port. As the transaction at the user’s end is made on ZTIC’s own hardware - no reliance on any PC-based software, it is not vulnerable to malware or man-in-the-middle attacks . The prototype is now ready to undergo trials.
Although the idea of a stand-alone security/authentication solution isn’t entirely new – Paypal already offers a stand-alone security device to its users, IBM’s endeavor is slightly different as it looks to be keen on offering a universal solution.