PhoneFactor Inc. continues to grow its financial services roster announcing additions to its most recent clientele: Heartland Financial USA, OceanFirst Bank, Northway Bank, and CUANY Credit Union. The PhoneFactor solutions have been utilized by financial institutions as a way to protect customers using e-banking from online fraud. Additionally the PhoneFactor technology can authenticate bank employees for remote logins.
Multi-factor authentication is one solution banks can try to use to thwart cyber attacks.
Efficiency and cost-effectiveness are the factors considered most important to banks. PhoneFactor provides security without having to issue security tokens to manage or support. The bank employee logs in remotely with a username and password and instantly receives a call on his or her mobile phone, presses #, or enters an optional PIN and is immediately granted access.
Additional features include an optional out-of-band SMS text authentication or voice biometric authentication. PhoneFactor solutions are compatible for all mobile phones.