Adding a touch of emotion and fun to online banking, a British company has launched a “more secure” alternative to the traditional four-digit pin code — emojis!
Intelligent Environments, a London-based company which provides banking software, has claimed that its Emoji Passcode service is more secure because there are more potential combinations of the 44 emojis than there are of the numbers 0-10.
“Why can’t financial services be fun and innovative?” said David Webber, Managing Director of Intelligent Environments, adding that the system was designed to appeal to 15-25-year-olds. Webber added that his company had not patented the idea.
“I don’t think it’s patentable. But I do think we are the first people to have thought of it,” Webber said.
Webber added that some digital banks have already expressed interest in the Emoji Passcode service.
Cybersecurity expert Professor Alan Woodward said that patterns and images were already used by some firms as a useful alternative to remembering complex sequences of numbers and letters, the BBC reported.
“I think this is an interesting and potentially valuable step forward,” Woodward said.
According to Woodward, the permutations and combinations of emojis would require a hacker to run through a much greater number of cycles than they do for so-called ‘dictionary attacks’.
“But I’m sure there are hackers who will work on breaking into these systems; so, I think it still makes sense to have some sort of two-factor authentication,” Woodward added.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.