Note: This column represents the opinions
of the writer and as such, is not purported as fact
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Have you noticed how hard Telecom is working to hike up the number of people
using its broadband service?
The telco is making it easier for ISPs reselling its DSL services to get
customers onboard and many are now advertising special deals that include
a free modem and no connection fees.
The strange thing is that, New Zealand's broadband uptake
continues to lag most other western nations, according to
this report which was last updated 20 October
amd referenced om today's edition of the NBR.
Admittedly this data represents the state of play as of four months ago and
these recent offers may have triggered a surge in sign-ups but it still make
sobering reading doesn't it?
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It's all been said before, so I'm not going to reiterate it -- except to
point out that much of the blame for our 2nd-world broadband levels can be
laid directly at the door of government and the agency charged with ensuring
competition in the marketplace: The Commerce Commission. Sabre rattling
and empty threats are a waste of taxpayers' money guys.
Another million-dollar idea
The BNZ had to shut down its internet banking website for a while yesterday
in the wake of another phishing attempt aimed at Kiwi online banking customers.
This latest attempt at fraud comes just weeks after someone targeted the
BankDirect service and shows that phishing is alive and well on the Net.
Although it's not know how many (if any) of the BNZ's customers were caught out
by this con-job but it does emphasize the fact that a simple ID/Password system
is no longer adequate to ensure a reasonable level of security for those who
are susceptible to such tricks.
Maybe it's time that the banks considered an extra level of authentication --
such as a simple little plastic "authenticator" that could be chucked on a
key-ring.
Such a device could have as few as four buttons on it, each containing a symbol
or digit that would match to a series of characters that was presented as a
challenge by the bank's login system. When faced with such a challenge, the
legitimate user would key that string into their authenticator and it would
display a response code on its LCD. Only after typing in that response code
would access be granted to a customer's account.
Each authenticator would be flashed with an individual customer's part of the
electronic key -- so that no two devices would produce the same response for
a given challenge, thus making even the physical possession of such a unit of
no value to the phisher.
Come to think of it -- there must be a raft of bright young Kiwi entrepreneurs out
there who could design and manufacture such a device. This is something that
would likely have a global market -- as banks and other online services search
for a solution to the phishing problem.
There we are, I'm giving away another million-dollar idea.
I'm sure it's been done before -- but nobody seems to have properly marketed
such a concept or the demand hasn't been sufficient to provide the necessary
economies of scale. I'm pretty sure that now would be an excellent time to
(re)launch such a product however. Just send the royalty cheques to me.
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