Replies to post #119421 on Wave Systems Corp. (fka WAVXQ)

[go-kitesurf]

EDIT-2 -- cosign/ok/vickers, RE: Banks and TPMs

Banks are in no hurry to spend money on TPMs. This Diebold product cycle is led by the demand for new ATM machines, or replacing old ones.

Currently, banks have been mandated to use two-factor authentication. So as not to force them, and all consumer bankers, to buy new PC with TPMs, the two factor is:

1-password
2-physical location

That is the only thing required of banks, at this time. If this changes, it will only be when legislation is not forced to consider the mass expense of everyone upgrading their hardware to be trusted platforms. In a couple years, banks will get on board as a whole, and you may see some inter-banking relationships affected by TPM technology. But as a whole, its a ways off still.

In the mean time, Wave is working on the island enterprises and interrelational networking between said companies. And this will provide plenty of opportunity for the time being.

EDIT -- there are 6 billion consumers on the planet. TCG will deploy, collectively, 60-80 million TPM PCs this year. Its going to be a long while before there are enough consumer PCs sold before a forced mandate occurs. Hopefully some banks will reward early adopters by allowing fee-free access if you have a TPM. No TPM? You get charged a security fee for being a possible trojan horse bringing a hacker in with you as you login.


EDIT-2 Or, you get denied access to your account because a virus was detected transferring from your PC to the bank's secure execution environment! LOL