With online banking catching up with people, more and more security threats are being reported throughout the world. The ease of simply getting online and completing your transactions through internet banking makes life all the more easy. However, this system has its own security flaws that may prove fatal if not addressed on time.

Many steps are being taken by banks throughout the world to secure online banking. Implementation of each new technique brings out several different ways to abuse the process. Hackers are busy mendling with these secure networks and somehow tend to break it, now or later.

In the process of developing a much better environment for secure internet banking, IBM presented its proposed vision of coming up with a device that would by pass the users pc controls and complete the online banking process easily.

The device that they are coming up with looks like a USB stick which has a display and smartcard slot which can be connected to any computer. Once connected, this usb device would enable online banking by simply ignoring the pc, thus leaving no trace of transactions or information on pc. That means even if there is a virus present in the computer, it cannot cause any harm to the users online banking process.

The cure for online banking problem is known as Zone Trusted Information Channel, and it works by running the Transport Layer Security/Secure Sockets Layer (TLS/SSL) protocol, including TLS engine and a networking proxy. Thus, no virus can intercept any data on the host pc, which means even if the pc is heavily infected, it really doesn't matter.

This usb device has it own advantages. With it you do not have to worry about any online transmissions and can be easily done through simply any pc. This device is based on latest security protocols which means it would be compatible with all major OS. Soon this device would be put on trial with some major banks. If this gadget proves itself, it can easily bring a huge revolution in the field of online banking.