Authentify Expert Available to Discuss ATM Banking Fraud and Weakness of PIN/Password Security; Password Security No Longer Protects Accounts from the Wrong People Armed with the Right Information.Authentify:
WHO: Andrew R. Rolfe, Vice President, Research & Development,
Authentify
Mr. Rolfe is an expert in authentication and
identity verification systems. Prior to joining Authentify,
Mr. Rolfe was a Senior Vice President at Bank of America,
where he was in charge of the architecture for the first
Internet financial product for the Bank's largest commercial
customers. He has held key technical and management positions
at AT&T Bell Laboratories, and was a key member of Internet
document management and delivery pioneers Odesta Systems
Corporation and NetDox.
WHAT: Last week news broke that criminals had stolen bank
account data from a third-party company, and then used the
data to steal money from related PIN protected accounts. On
the heels of that news, a number of large and small banks,
including Bank of America, Wells Fargo, Washington Mutual and
Citibank, have reissued debit cards after detecting fraudulent
activity. According to Gartner analyst Avivah Litan, "This is
the absolute worst hack that has happened, the biggest scam to
date."
Authentify's Mr. Rolfe can discuss how this and similar
incidents demonstrate the need for a layered approach to
protecting sensitive transactions that goes beyond PIN
security. Mr. Rolfe can explain the need and application
scenarios for 2-factor out-of-band authentication systems that
require account holders to confirm their identity and
participation in a transaction through a separate
communication channel like an automated phone call.
WHERE: Via phone
WHEN: Mr. Rolfe is available for interviews immediately
HOW: Please contact Mr. Rolfe via Marc Gendron at 781-237-0341 or
marc@mgpr.net
About Authentify Authentify, Inc. provides automated au·to·mate v. au·to·mat·ed, au·to·mat·ing, au·to·mates v.tr. 1. To convert to automatic operation: automate a factory. 2. out-of-band authentication (1) Verifying the integrity of a transmitted message. See message integrity, e-mail authentication and MAC. (2) Verifying the identity of a user logging into a network. services that enable organizations to quickly and cost-effectively perform real-time 1. real-time - Describes an application which requires a program to respond to stimuli within some small upper limit of response time (typically milli- or microseconds). Process control at a chemical plant is the classic example. user authentication See authentication. during an Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the session. The company's patented technology employs a service oriented o·ri·ent n. 1. Orient The countries of Asia, especially of eastern Asia. 2. a. The luster characteristic of a pearl of high quality. b. A pearl having exceptional luster. 3. message architecture to seamlessly integrate into existing online processes. Authentify markets primarily to financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. firms that need to protect their clients' online accounts, corporate security professionals managing access control or the distribution of security credentials CREDENTIALS, international law. The instruments which authorize and establish a public minister in his character with the state or prince to whom they are addressed. If the state or prince receive the minister, he can be received only in the quality attributed to him in his credentials. , and e-merchants who want to limit fraud on their sites. Visit Authentify at www.authentify.com, or call 773-243-0300. |
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