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+ - Charles Schwab Picture Passwords Debuts, is Hacked

Submitted by Anonymous Coward
An anonymous reader writes "At the Internet Identity Workshop, Vidoop announced a picture password scheme that will be used by Charles Schwab. Starting in August, Charles Schwab users will be able to login by choosing the correct image of a pizza or car, using their scheme that is invulnerable to phishing, keyloggers and "all prevalent forms of hacking", according to Vidoop's TV commercial on YouTube. At the same workshop, Harvard researchers announced that they had broken the scheme in a few hours, and they posted a video of the attack. This relates to the Boarding Pass Guy's attack on Bank of America's SiteKey and to a previous Harvard study on SiteKey that shows how easily users get phished."

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