Singapore-based insurer NTUC Income has implemented OneKey’s two-factor authentication security token so its two million policyholders can check their policy information online, reports Asia One.
NTUC Income customers who opt into the system will receive a OneKey device, which is about the size of a credit card. Customers press a button on the device to get a one-time password, which they then use in combination with their personal password to access the system.
Customers also have the option of sticking with SMS OTPs, but hackers can still intercept these passwords and use them for attacks.
Assurity Trusted Solutions, a subsidiary of the Infocomm Development Authority, is managing the OneKey distribution, as well as maintaining the authentication system.
Users do not have to pay anything for the device or service, and organizations get the service free for two years.
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