Bank gadgets
Just a thought .... a couple of Banks have sent me a small gadget that I'm supposed to use to generate a OTP - One Time password - when I try to get involved with Internet Banking.
How do they work ?
I used one today to interrogate a bank account literally on the other side of the World ( a UK bank a/c from here in New Zealand ). I logged on to the site with my username and password, and after making some changes was then asked to press various buttons on the gadget, which then showed a 6 digit number that I had to enter on to my computer before my changes were authorised.
??? the gadget isn't transmitting to the bank, so that they can confirm that I'm entering a number that they have sent to me via the gadget, neither is the gadget interacting with my computer - or is it ? I can't see what the difference is to my haphazardly hitting a few keys on a nearby electronic calculator, or telephone pad, and then typing those random numbers on to the Bank site ?
All smoke and mirrors to me.