Revelation 13:18 NASB

Revelation 13:18 NASB

Monday, November 10, 2014

Tech Slave | Everykey Wants To Put Your Passwords On Your Wrist

The password as a digital authenticator is under more strain than ever. But is the answer to memorizing multiple complex secure passwords to rely on proximity and a physical wristband for logging in to devices and websites? The U.S.-based makers of a device called Everykey believe so.

They’re currently Kickstarting their wearable, looking to raise $100,000 to turn a prototype Bluetooth-powered authentication wristband into shipping product by March next year.

They’re not the only ones eyeing up the security potential of wearables either, with Apple’s forthcoming Watch apparently relying on a biometric heart rate for authentication when using its NFC-powered Apple Pay function. And Toronto-based startup Nymi also working on a heart-wave sensing authentication wearable. (We saw a demo of their wristband back in April.)

Everykey is following a similar wearable route to Nymi, with a basic wristband that has a single security-focused purpose, but is not bothering with any biometrics, which does mean you’re putting your passwords in a single unsecured physical basket (i.e. a form that can be stolen and used by someone else to log into your stuff).

Why is it avoiding any biometric component? Everykey CEO Chris Wentz expresses scepticism about acquiring accurate electrocardiogram data — as Nymi aims to do — via a single wearable point, i.e. rather than having multiple electrodes on the body. Hence Everykey staying away from biometrics.

It’s also aiming to undercut Nymi on price — given that there’s less sensor kit required inside its wristband it can offer the wearable at a lower price point. The Everykey is up for pre-order via Kickstarter for $50, vs Nymi costing $79. It also offers better battery life, of up to a month.
Wentz says it is expending effort on making it’s wristband look a bit more #FASHION than the average generic plastic bangle. Although, to my eye, there’s not a huge amount in it…

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