1. By Anthony McDougle and Loren Klingman

2.  The average user does not have secure passwords ◦ Simple passwords ◦ Reusing the same password ◦ Never changing their password  Can add security when used as an additional level of authentication

3.  A new password is generated at each use  The password expires after one use and cannot be used again ◦ Cannot be re-used by an interceptor

4.  Facebook ◦ Optional method of logging into public PCs ◦ Generated password is delivered via text message  Google ◦ Multi-factor authentication, using standard passwords & a one-time password in order to log in  Among many others!

5.  Time-Generated on Server & Client ◦ Requires Synchronization  “Seeded” Algorithm ◦ One-way hash function  Passwords generated and sent to the user

6.  Mobile Phone App  Token-Generating Device  Text Message or E-mail ◦ Cheapest, but least secure  Printed on Paper & Given to User

7.  When a system uses multiple levels and methods of authentication  Categories of authentication ◦ Something you are (biometrics) ◦ Something you have (phone, computer) ◦ Something you know (standard password)  Can be as simple as having a standard password and a generated one-time password for log ins

8.  Passwords cannot be stolen by traffic-sniffers and key loggers  Passwords cannot be cracked by traditional methods  Not very susceptible to phishing attempts/non-secure users  Passwords are, in theory, not re-usable ◦ Stolen passwords are useless

9.  Theft of the password-generator or a list of valid passwords is still a possibility  Cracking the password-generation algorithm  In cases of SMS/e-mail/other messaging, the service provider in the middle must prevent interception  Malware that can trick a user into giving up a password before its use

10.  One-time passwords are generally safer than regular passwords  May be too much ◦ Too many prompts can frustrate users  Cost money to implement but often cheaper than other methods such as biometrics

11.  One-time passwords are a much safer alternative ◦ Thwart key loggers, traffic sniffers, phishers  One-time password still have vulnerabilities, though they are harder to crack  Deciding on the password system depends on the company and the security measures necessary ◦ Different systems may be more cost-effective depending on the need ◦ Find a balance between cost, simplicity, and security