PayPal security boss: OBLITERATE passwords from THE PLANET. High performance access to file storage PayPal has declared war on the password - and wants a better way for folks to perform open sesame on their own internet accounts.
Speaking at the Interop security conference in Las Vegas yesterday, Michael Barrett, chief information security officer at PayPal, talked about his work to create an open standard that could remove the need for passwords. As well as working for the online cash handler, Barrett is president of the Fast Identity Online (FIDO) Alliance, which aims to devise ways to break netizens' reliance on memorising strong passwords.
During a keynote speech at Interop, Barrett said: "Our intention is to really obliterate, within a certain number of years, both passwords and PINs and see the whole internet — including internally in enterprises — obliterate user IDs and passwords and PINs from the face of the planet. " The FIDO solution works by using an authentication device that connects to websites to verify a person's identity. Spilltrend : Wearable Tech: Mask Gives Users Superhuman Senses. How Accurate are Biometrics? (September 23, 2013 – Steve Meyer) Editors Note: Steve Meyer is a Board member of the Constitutional Alliance and Executive Director of the Stop Real ID Coalition (article: Who is Steve Meyer).
Mark Lerner writes most of the articles on the Constitutional Alliance’s website. I am fortunate to have met Mark many years ago as a co-guest on a national talk show where our efforts to oppose mandated biometric enrollment, related technologies, and laws merged. What began with an educational and legislative battle within the confines of the United States swiftly morphed into a global theater of operations encompassing everyone globally. Mark has been proclaiming, exposing and educating lawmakers, congress, organizations and the lay person on mandated biometric enrollment, related technologies, and laws; receiving the “Freedom Heroes” award in 2010. I’ve personally seen Mark putting tens of thousands of hours into this effort.
The Singularity. FUTURISTS UNITE. Systems Theories. Scrambls - home. AWS & AWS Tools. ROBOTICS. Homepage - O3b Networks. Zooming in on the Human Skin. Image Search for pictures and images. SpillTrend: #Biometrics in. Receives Strategic Investment Led by Citi Ventures. Mountain View and Palo Alto, CA: Jumio, the fast-growing payment and online ID verification company, today announced an additional strategic Series B investment led by Citi Ventures, a unit of global financial services company Citi.
The company also announced that Ramneek Gupta, Managing Director at Citi Ventures, joined Jumio’s board of directors as an observer. The size of Citi Ventures’ investment is not being disclosed. Jumio has raised $35.4 million to date. Other Jumio investors include Andreessen Horowitz and Eduardo Saverin, co-founder of Facebook. Jumio’s patent-pending Netswipe solution turns any camera on a desktop, laptop or mobile phone into a secure credit card reader, allowing merchants to easily and efficiently accept online and mobile payments. “We are proud to have the trust and confidence of a major global bank,” said Daniel Mattes, founder and CEO of Jumio.
Jumio will be announcing additional commercial deals with customers in the US and Asia later this year.