The pace of technological improvement is running at an exponentially increasing rate. While this has been true for several decades, the pace today makes capital investment in technology as much an asset as a handicap because a competitor may wait for the next-generation technology, which may only be a year away, and then use it to achieve an advantage. Of course waiting to be that competitor can be equally risky. What’s a CEO to do? Similarly, the ability for even the best of technologists to stay informed about emerging technology is in conflict with the need to master a company's current technology. The problem to be solved is to develop a long-term technology strategy while remaining flexible enough to take advantage of unforeseen technology developments. Technology and Security is one of the major issues facing organizations today. Technology today is evolving every day. The rapid changes in which technology have been making lately has made it easier for criminal to get a hold of information. This occurs by people using the internet and entering their information on untrusted sites allowing these criminal to hack into the sites and still valuable information such as personal and banking information. The more technology increases and changes over time the more companies will continue to have issues.
Banking institutions, e-commerce retailers and others processing payments online continue to rely too heavily on outdated authentication techniques. Today, organizations are still relying on weak or outdated identity techniques, Knowledge-based authentication and CAPTCHA are easily broken. CAPTCHA, like knowledge-based authentication, identifies users in a challenge-response environment. While knowledge-based authentication asks questions only the online accountholder should know how to answer, CAPTCHA asks users to enter characters from distorted images that