Government ID, Smart Cards, Identification and Authentication

Banks compare cost, quality, and strength of multi-factor authentication schemes

Wednesday, February 8, 2006

From simple to complex, financial institutions have a bounty of choices


What kind of value will a financial institution get for its investment in strong authentication? For FIs, it’s become a burning question, thanks to federal guidance that recommends they boost the strength and security of their online banking systems by the end of 2006. In response, a growing number of tech vendors are rolling out highly sophisticated products.

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DigitalPersona Inc. released a new version of its DigitalPersona Pro Enterprise software that includes facial recognition as a method for authentication.

Facial recognition can now be combined with fingerprint biometrics, passwords, PINs, proximity cards, smart cards and OATH tokens for a multi-factor authentication solution. Policy creation and enforcement works through a client’s existing Active Directory infrastructure.

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ValidSoft, a supplier of telecommunications-based fraud prevention, authentication and transaction verification products, announced its new partnership with Spindle Inc., a mobile commerce and alternative payment solutions provider to bring payments security products to U.S.-based customers.

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ActivIdentity has added a fraud detection service and authentication capabilities to its 4TRESS Authentication Appliance. Targeted to the banking industry, 4TRESS offers multi-layered strong authentication for both network and cloud services.

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Internet fraud prevention and authentication provider TeleSign has teamed up with Intel Corp. for a secure two-factor authentication product targeted to consumers and enterprises.

The collaboration pairs Intel Identity Protection Technology (Intel IPT) with TeleSign Two-Factor Authentication so that it can be offered beyond Intel Ultrabook devices and the third generation of Intel Core vPro-powered laptops.

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SyferLock Technology Corp. has released iOS and Android versions of its GridSoftToken two-factor authentication product.

These versions expand GridSoftToken’s deployability, as it was previously only available for use with the Windows OS. The soft token technology lets users enable two-factor authentication to access systems protected by SyferLock GridGuard by using a mobile device as the second factor.

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Motiv, an IT security specialist and reseller of authentication products by SecurEnvoy, has replaced its own hardware tokens with SecurEnvoy’s SecurAccess SMS and soft token two-factor authentication system.

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