Google Inc (NASDAQ:GOOG) is on track to kill off passwords and is conducting a test using USB keys, mobile phones and even jewelry that can operate as a physical ‘key’ to provide users login to their account. The ‘Daily Mail’ reported that members of the search giant’s security team are near to release their conclusion in February.
In the upcoming issue of IEEE Security & Privacy Magazine, Google Vice President of Security Eric Grosse and engineer Mayank Upadhyay are reportedly set to give details regarding what is basically a physical key with a ‘smart chip’ embedded inside it. [article_detail_ad_1]
Wired published a report citing the pair that they agree with many in the industry who are of a view that passwords and simple bearer tokens such as cookies are no longer sufficient to keep users safe. Users just place the tiny Universal Serial Bus (USB) drive into their PC to log.
The firm is also said to be conducting experiment with wireless chips that are already available in some mobile phones, and can even be embedded in jewelry.
Turning to financial results, Google Inc (GOOG) is slated to report financial results today. The company is projected to report strong sales and earnings growth as analysts cited steady rise in online advertising and a growing stake in the mobile market.
Analysts surveyed by Fact Set are looking for a profit of $10.57 a share with $12.38 billion in revenue for the fourth quarter. That compares with a net income of $9.50 a share with $8.13 billion in revenue for the similar quarter a year ago. Some analysts have changed their projections to reflect the pending contract. Nomura analyst Brian Nowak lowered his sales forecast for the quarter by $915 million.