Microsoft demos virtual wallet

By Derek Sooman on February 16, 2006, 8:05 PM
On Tuesday, Microsoft demonstrated a new software tool aimed at giving consumers a virtual wallet. This wallet will allow users to store their personal information for Internet transactions. Code-named InfoCard, the software will allow consumers to safely manage their identities online, utilising better security by reducing reliance on usernames and passwords.

Microsoft showed how easily a consumer logged onto a car rental site to quickly reserve and pay for an automobile using a card from the virtual wallet.

Speaking at the annual RSA computer security conference, Gates provided a broad overview of how the industry needs to meet what he said were growing cyber threats and that consumers would not embrace technology which is not simple to use.

User Comments: 5

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mentaljedi said:
One word describes this: risky. Imagine if somebody hacked into this program and found a way.. oh god i can't even begin to think of the horrors. And its MICROSOFT! Thanks Gates, but i'll let the rest of your first 1,000,000 customers be unwilling beta testers.
Nic said:
At least keyloggers and other malicious spyware won't be able to steal your details. I personally think its a great idea. True, if someone did manage to hack your account then I dread to think what could happen, but the reality is that this is much safer than manually keying in your full details every time you carry out an online transaction. No doubt Microsoft would be liable if your account was hacked due to their poor security, so I don't see that as likely to happen. Of course there is nothing to stop users from causing lapses in security themselves, such as by sharing their wallet with another 'trusted' individual.
Mictlantecuhtli said:
I don't see how this will be better than Passport.
fiziks said:
Microsoft should just develop a wallet comparable to KDE wallet for securing.. well, everything
canadian said:
Why is microsoft currently trying to take over internet serverices? Windows OneCare, Defender, Live mail, and this, all seem to be direct compitition for other company's.
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