A study by the University of Cambridge shows that 3D Secure (3DS) technology may boast more than the security it actually provides. According to the report’s authors, Steven Murdoch and Ross Anderson, concern has been expressed with the current approach to e-commerce security, saying that there have been many serious problems in the 3DS environment.
The study revealed that the main problems come from the reliance on static passwords and the need to authenticate users at the point when they first enter their password.
Todos technology has addressed this works within the 3DS environment to offer merchants and card issuer two-factor authentication solutions. This would replace the static password and be available to use on a Todos device or mobile application and a private PIN.
With the two-factor authentications, users can securely validate online transactions without disclosing any sensitive personal information.