On 2012-08-02 22:16, David Woodhouse wrote:
> On Wed, 2012-08-01 at 11:58 +0200, Anders Rundgren wrote:
>> http://www.finextra.com/news/announcement.aspx?pressreleaseid=45624
>>
>> Current platforms are useless for banking so what else could they do?
> 
> The big problem with the VbV insanity wasn't the current platforms. It
> was largely the user experience — a frame in the browser, where they
> can't *tell* that it's actually from a trusted site; it appears in a
> page that's on the "untrusted" merchant site. Into which you're expected
> to type parts of your password. Any sane person refused to use it
> anyway, surely?

True, but a fundamental problem still remains in the platform. If you
use PKI instead of a password a fraudster doesn't get anything he/she
can use to emulate the card-holder.

However, consumer-PKI using the Mozilla platform is simply put unusable.

When platform vendors get interested in a solution great things can happen:
http://googlecommerce.blogspot.co.uk/2012/08/use-any-credit-or-debit-card-with.html

That nothing of this kind happens in Mozilla PKI is because there is no
business, not because they have bad or lazy engineers.  I also think that
the lack of hardware security limits the scope of the platform considerably.
Intel has a role to play but I guess the bean counters say no :-(

Anyway, the action isn't really here, it is there:
http://googlecommerce.blogspot.co.uk/2012/08/use-any-credit-or-debit-card-with.html

Google becomes a bank and you have your cards in their cloud!  Lots of very
useful security stuff as well.

Anders

> 
> VbV was just another case of banks actively *training* their customers
> to succumb to fraud. Just like when they send non-S/MIME-signed email.
> 
> I'm pleased to see it being phased out, at least in its current form.
> 
> 
> 

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