Alibaba-backed S'pore firm has key to new mobile security lock
V-Key is tying up with Asia governments amid fears that 2-factor authentication via SMS is not always secure
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AN Alibaba-backed mobile security start-up from Singapore will soon introduce, with a government agency, another form of mobile authentication to tighten security as more transactions are being done online.
This comes amid fears that using the short messaging service (SMS) to receive a two-factor authentication is not safe, with mobile applications out there that can read off your SMS messages, said co-founder and CEO of V-Key Benjamin Mah in a recent interview with The Business Times.
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