The idea of having to remember passwords may soon be going away as Intel has a new security-on-a-chip system.

Called Intel Authenticate, the new security system looks to stop attackers who using phishing emails to trick workers into revealing user names and passwords. Intel said putting the authentication process on a chip makes the PC itself part of the security system.

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The new technology may even make it possible for corporate IT managers to replace the long, and ever-changing, passwords with short PIN numbers, or with fingerprints and other identifiers.

Intel Authenticate will add into the company’s line of sixth-generation processors and end up tested by select businesses, said Tom Garrison, an Intel vice president.

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Intel will make it part of all the processors it markets for enterprise PCs. Intel Authenticate uses hardware-based “multifactor authentication” — more than one method of identifying a user — to block hackers, even if they obtain a password.

Phishing is a rising problem and Garrison estimated 117,000 corporate cyber attacks involving phishing occur every day. He said the cost per successful attack averages $20 million, and roughly 750 million PCs are vulnerable.

Intel Authenticate will verify an employee’s identity with a personal identification number, proximity of the employee’s mobile phone or badge, biometrics like a fingerprint, and location of the building the employee is in.

IT managers can decide which factors to embed in the chip. “IT has full control,” Garrison said.

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