The next wave of internet password security?
The Wall Street Journal recently reported on a new invention, among the finalist’s of this year’s Asian Innovation Awards, PassWindow. PassWindow simplistically operates as a unique key pattern on a transparent section of a standard identity, credit, or bank card. By design, PassWindow requires no working parts or power of any kind. It instead utilizes a pattern of vertical and horizontal lines. When a PassWindow user holds the window over an email, internet, or even a printed letter, the user can see a single-use password and authenticate securely. The creator, Matt Walker, plans on licensing his cards for less than $2 each. The system is currently being tested by five banks internationally. But can the technology required for a cereal-box child’s decoder toy protect against internet fraud better than current, much more expensive and technologically advanced measures? With registered patents in his name, Mr. Walker certainly hopes the answer is “Yes.”
For the full Wall Street Journal article, click here.