No need for passwords

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An Australian startup has developed a password-less authentication and one-click payment system. It doesn’t rely on the storage of credit card details, with no details stored on a server that can be hacked. Key details are encrypted on a user’s device, and in the case of the payment system, the key to unlock the encryption is on the merchant’s server with the user’s account information. It means a hacker would have to breach numerous systems, rather than find one weakness in order to successfully get in, hence would potentially eradicate the risk of mass breaches of customer log-on and payment details. www.haventec.com

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