|
|||||||||||||||||||||||||
|
|||||||||||||||||||||||||
|
Comodo Two Factor Authentication Emerging as a Disruptive Technology to Address FFIEC RequirementsFinancial Institutions Are Displacing Ineffective and Hard to Implement First Generation Solutions Such as Matrix Cards, Fraud Analysis, Tokens or Challenge Response Models with Newer, Highly Flexible Second-Generation Digital Certificate Solutions. May 3, 2007; 03:16 AM Jersey City, NJ (May 2nd, 2007) - Comodo, a global Certification Authority and leading provider of Identity and Trust Assurance Management solutions, announced today that Comodo TF continues to receive widespread adoption by financial institutions as a disruptive technology solution changing the future of the authentication industry. Comodo meets the criteria presented in the three-point Christensen Disruptive Technology test - 1) being inexpensive, 2) technologically simple and 3) a technology that doesn't require replacement of existing systems. This PKI-based authentication solution provides groundbreaking improvements to solve the FFIEC-preferred two-factor solution easily for financial institutions without costly deployment or customer adoption challenges. The challenge for many mid-sized institutions is to deploy a compliant, secure, yet customer-friendly authentication solution that can accommodate a wide variety of networking architectures from back-office infrastructure to web-hosting service providers. The solutions that service providers typically offer their customers relied on first generation technologies which could be unreliable (e.g. cookies), difficult for customers to use (e.g. matrix cards) and/ or expensive to deploy (e.g. tokens). Therefore, as institutions understand the value of a seamless digital certificate solution, many financial institutions and service providers are adopting Comodo TF to take advantage of the security and configurability of a Public Key Infrastructure (PKI) solution. Comodo TF adoption is being driven by its user-friendly interface, ease of deployment, ease of customer adoption and inexpensive cost model. This presents a significant improvement in authentication performance substantially altering the competitive landscape. Comodo TF delivers on key performance milestones: * Continuous, secure and authenticated online financial interactions through a PKI- based solution well-recognized for high performance and security. This solution provides a mutual authentication solution for any regulatory-intensive industry such as healthcare, insurance, education and government agencies "Working with our partners in the financial sectors, Comodo has been creating a new level of performance and ease of deployment in authentication that is unmatched by more traditional solutions," says Melih Abdulhayoglu, CEO and Chief Security Architect of Comodo. "As customers begin to deploy authentication solutions, customers and service providers are taking a new look at Comodo's PKI approach. Comodo TF, as a second generation solution, presents measurable advantages with an increased ROI over existing approaches." Compared to other authentication approaches, Comodo TF delivers a strong, flexible approach that provides a scalable foundation for future possible regulatory requirements while delivering measurable ROI today: * The only PKI-based two-factor solution from a CA that delivers digital certificates - one of the strongest forms of authentication available for online security. The most recent win for Comodo TF is Canandaigua National Bank and Trust, a large community bank with over $1 billion in assets. For more information, please visit www.comodo.com/banking
|
|
Copyright © 1998 - 2018 DevStart, Inc. All Rights Reserved |