Regular news in the media about skimming taking place at ATMs in various parts of the country has made people very scared whenever they go to any cash machine to withdraw money. But now the whole process of taking money out from your account is going to be more secure, thanks to Google Glass.
A new application specially designed for Google Glass keeps the chances of someone skimming your ATM card or exploiting your secrete code while you withdraw money from any ATM machine.
Dominique Schroder, assistant professor of Cryptography Algorithms at Sarland University, and his group developed the application named Ubic, bringing cryptographic methods and techniques from automated image analysis together.
According to Schroder, Ubic lets the customer identify himself at the ATM machine, which in turn requests from a reliable instance the public key of the customer and the key is used to encrypt the one-way personal identification number (PIN) using a QR code.
Later on the customer, who is the identified wearer of Google Glass, will be able to view the pin hidden below the QR code. Though the entire process takes place in public, the PIN remains invisible for others and nobody will be able to spy on it as it is re-generated every time the customer uses the cash machine. The process is an easy version of one time password method.
In case someone wearing Google Glass wants to attack you, it will not be possible as the process depends on the registered customers and the data will not match if an unidentified user tries to use your details.
Glass is just not yet another product it is a revolutionary technology that could be the biggest innovation after mobile phones. The starting price of Glass is $1500 but we believe Google might make Glass more affordable down the road. But those who want to get their hands on this unique product as soon as it arrives in the market $1500 may not be that high after all.
