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VeriSign recently introduced a free app that promises to help iPhone users secure their online identities, financial assets and data. Called VIP Access for Mobile (available here), the application turns an iPhone into a dynamic VIP one-time password (OTP) credential that can be used in conjunction with a traditional username and password.
The idea is to better protect online accounts through a second factor of authentication. So, with the new credential, iPhone users strengthen their authentication at the more than forty Web sites that make up the VeriSign VIP Network. These sites include eBay, PayPal and AOL.
A recent survey VeriSign/Synovate research found that 86 percent of consumers prefer sites that enable proactive security measures such as two-factor authentication. Meanwhile, 68 percent said they would like better systems in place to protect their identities, and 41 percent said they would consider new applications offering identity protection, even if that meant extra steps on their part.
See video below to catch VIP Access for Mobile in action.
