Posted on :-
21 Apr 2018 06:17AM (Updated: 21 Apr 2018 11:41AM)
Ricky Lim ·
Singapore
Posted on :-18 Apr 2018
Ricky Lim ·
Singapore
For eCommerce transaction, it is imperative for Corporation to adopt 2FA to prevent phishing attacks.
So that when hackers manage to phish userid and passwords from users - the hackers will not be able to perform eCommerce transactions - because it will need a 2FA to complete the eTransactions - as userid and passwords are not good enough.
As hackers will not have the SMS 2FA or secure-token generated random numbers - such phishing attack will not be successful.
SIA should seriously consider 2FA for eCommerce transactions.
The only problem is --- overseas members will have difficulty using 2FA - as SMS is need to use local telcos and distributing secured token to overseas members will be a challenge. (To mitigate this challenge, a 2FA generated number can be sent to the email of the overseas member).
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