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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RSA Security executives spelled out the company’s product strategy for 2012, announcing that it would focus on mobile, anti-threat and cloud security.

As reported in Network World, RSA wants to develop tools that can help businesses improve data protection on mobile devices by separating personal and corporate data and improving mobile device authentication. RSA’s strategy includes adding more factor options to multi-factor authentication and embedding SecurID technology in mobile phones.

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With the implementation of its authentication security suite at Goldsworth Primary School, online identity protection provider Yubico has shown that its two-factor authentication and VPN connectivity are a viable solution in the education market.

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Online identity protection provider Yubico and cloud server security provider CloudPassage have teamed up to provide authentication services for administrative network access in the cloud.

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Yubico and SSO Easy have partnered to create a simplified two-factor authentication for single sign-on (SSO).

Designed for users who must implement strong two-factor authentication for access to SAML-based SSO servers, critical applications and sensitive information, this solution utilizes Yubico’s YubiKey driverless USB-token to log in with a one-time password.

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Gartner Group’s 2012 Magic Quadrant for unique and innovative user authentication products features Equifax’s multifactor authentication product Anakam TFA Two Factor Authentication.

Gartner predicts that by 2017 more than 50% of enterprises will use cloud-based authentication services like Anakam, up from 10% today.

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SAPO, Portugal’s largest Internet Service Provider and Web portal, has selected Yubico’s YubiKey two-factor authentication hardware to ensure login security for its employees and end users.

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