Thales, a provider of information systems and communications security, announced SafeSign Mobile Authentication which enables strong authentication using a mobile device.
The solution is designed for online applications including financial services and government and provides security against man-in-the-middle attacks, while also giving users the freedom of secure banking from a mobile device.
SafeSign, developed in partnership with Salt Group, a developer of high assurance mobile authentication solutions, offers a choice of mobile authentication solutions for secure log on, transaction signing and payment authorization. Organizations can choose from SMS or Java-based solutions to ensure that the most appropriate level of security is applied to transactions.
SafeSign Mobile Authentication provides users with a token-based solution for both secure log-on and the signing, verification and authorization of transaction details. Standard Chartered Bank in Hong Kong has already adopted the solution for transaction authorization in its corporate Internet banking system, while the State Government of Victoria in Australia has selected SafeSign Mobile Authentication for secure log-on to government services.
Mobile authentication is attractive to customers as it represents a more cost-effective security solution since there are no distribution costs. Furthermore, as the solution relies on a ubiquitous device – the mobile telephone – as the secure channel to generate or exchange security information, it is cheaper and simpler than setting up a public key infrastructure or providing and managing specialized tokens.