File-It-Under: Authenticated hardware By: D.F.Skin
Today Google just launched something that I think would benefit many consumers looking to add extra layer of security to password protected accounts, the device we're profiling that Google is launching is called the Security Key, that's open standard that lets users log in to any account with a physical USB device. Basically you have a device that adds security on top of your already password protected account. How it works is simple,the device takes the place of a six-digit confirmation codes that's currently used by Google's two-factor authentication. Users don't have to type in any code whatsoever,instead all that's needed is for you to insert your USB key before logging into an account. Though there's two factor authentication taking place,users are still required to type in a password,doing this will thwart thieves from logging into your account just by stealing the security key altogether.
Google isn't the first to use authentication hardware,many businesses uses this same type of setup,you have the RSA SecureID,but is an industry first from Google users are able to use this device to log on consumer services such as Gmail or Yahoo. Many manufacturers have already adopted this idea and are producing compatible USB keys, that will range from $6 to $50. The key is constructed on a open FIDO standard platform,this means any manufacturer can get in on this authentication system and build a compatible key, services from PayPal, Samsung, and Alibaba will have similar programs in place for future consumer use.
To sum it all up in a nutshell,Google and host of others are trying to point consumers away from the single passwords system. This is in my opinion is a replacement from using software like LastPass making it easy for anyone to added extra security to your accounts. What you think,would you use this device to add more security to your Paypal and Amazon accounts? Tell me your opinion in the comment box below.
Credit Source: Google Blog, the Verge, FDIO Aliance