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What is Security Token?

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What is Security Token?

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Security token (also known as a hardware token, authentication token or cryptographic token), a physical device that an authorized user of computer services is given to aid in authentication. A security token (or sometimes a hardware token, hard token, authentication token, USB token, cryptographic token[1], or key fob) may be a physical device that an authorized user of computer services is given to ease authentication. The term may also refer to software tokens. Security tokens are used to prove one’s identity electronically (as in the case of a customer trying to access their bank account). The token is used in addition to or in place of a password to prove that the customer is who they claim to be. The token acts like an electronic key to access something. Hardware tokens are typically small enough to be carried in a pocket or purse and often are designed to attach to the user’s keychain. Some may store cryptographic keys, such as a digital signature, or biometric data, such as a f

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A Security Token is small device that is given by the bank to customer upon application. Each token bears a unique serial number at its back.

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