Corillian Launches TrueStamp Site Verification for Next Enhancement of Intelligent Authentication Technology.TrueStamp Meets the Evolving Security Demands of Financial Institutions and Online Banking End Users PORTLAND, Ore. -- Corillian Corp. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : CORI), the top provider of online banking, payment and security solutions to the 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. industry, today announced the availability of Corillian TrueStamp, a new Web site verification technology embedded Inserted into. See embedded system. in Corillian Intelligent 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. [TM] v2.1, the next version of the company's strong authentication solution. TrueStamp adds an additional component of security to a user's online banking experience by securely verifying the banking site to the user before they ever have to enter sensitive information such as a user name and password. The solution generates a truly unique visual identifier for each user and is active on all the computers the user chooses to "stamp" with their personal images. TrueStamp images are created based on the configuration settings specified by the system administrator, and each user's image is truly unique. To develop a TrueStamp, end users type a memorable phrase into a box and click a button. TrueStamp then immediately generates and displays a series of three images employing the phrase. The end user then selects one of the images, and the data to generate the image is stored in the user's profile in a secure encrypted en·crypt tr.v. en·crypt·ed, en·crypt·ing, en·crypts 1. To put into code or cipher. 2. Computer Science form. Once the TrueStamp has been created, the user can generate a new image at any time through the self-service page. Financial institutions are able to customize the color, size and features of the images to reflect their design specifications and help create a seamless online banking interface. They also can choose to stamp every page of a site to create a high level of confidence as the user navigates. In August, Gartner surveyed more than 5,000 online banking customers and found a whopping 67 percent of them now say it's "extremely important" that an online bank Web site proactively identify itself to the consumer using some sort of site authentication. Another 20 percent believe it's "fairly important," said Gartner vice president and distinguished analyst Avivah Litan.1 Financial institutions are also beginning to recognize that site verification is an additional tool they can deploy to help protect their brand from evolving fraud schemes. True stamp is architected to validate To prove something to be sound or logical. Also to certify conformance to a standard. Contrast with "verify," which means to prove something to be correct. For example, data entry validity checking determines whether the data make sense (numbers fall within a range, numeric data a Web site without compromising end user security. Unlike other site verification technology, TrueStamp does not require users to browse (1) To view the contents of a file or a group of files. Browser programs generally let you view data by scrolling through the documents or databases. In a database program, the browse mode often lets you edit the data. See Web browser. , select or upload pictures and, ultimately, eliminates the need to maintain a library of binary Meaning two. The principle behind digital computers. All input to the computer is converted into binary numbers made up of the two digits 0 and 1 (bits). For example, when you press the "A" key on your keyboard, the keyboard circuit generates and transfers the number 01000001 to the picture files. As a result, the creation process takes seconds rather than minutes. In addition, the user's visual identification image is generated only at the time it is needed, which mitigates the need for server storage and the ability for images to be hijacked or stolen. "With the evolution of phishing Pronounced "fishing," it is a scam to steal valuable information such as credit card and social security numbers, user IDs and passwords. Also known as "brand spoofing," an official-looking e-mail is sent to potential victims pretending to be from their ISP, bank or retail establishment. attacks, consumers are demanding a security solution that provides site verification at the time of log on," said Greg Hughes, Corillian's chief security executive. "The inclusion of site verification technology (TrueStamp) in this new release of Intelligent Authentication, underscores our commitment to provide financial institutions a strong, multi-layered security solution. Further, our approach puts access and identity control back in the hands of the user, while providing enhanced viability and security to the consumer's online banking experience." Corillian Intelligent Authentication is a user-friendly and highly successful security measure that interprets the information transmitted from the user's computer to the bank's Web site, looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. a pattern of online banking behavior. The solution analyzes these interactions and determines when to challenge uncharacteristic un·char·ac·ter·is·tic adj. Unusual or atypical: an uncharacteristic display of anger. un or unusual actions in order to prevent unauthorized activity. To date, more than 40 leading financial institutions have selected Corillian Intelligent Authentication for a strong, multi-layered authentication solution. About Corillian Corporation Corillian is the market leader of online banking, payment and security solutions to the financial services industry. With 30 of the top 100 U.S. banks and 21 of the top 100 U.S. credit unions as customers, Corillian serves over 35 million online banking end users. Corillian provides the most flexible, scalable and secure set of online banking applications across multiple lines of business, integrating best-practice functionality developed for some of the most innovative financial institutions in the world. Corillian features integrated applications across Consumer Banking, Small Business Banking, Business and Consumer Payments, Wealth Management, Credit Card Management, and Corporate Cash Management, as well as enterprise wide solutions, including Fraud Detection, Alerts, eStatements, and OFX OFX Open Financial Exchange OFX Outer Fix OFX Open Effects . Corillian's fraud prevention solutions use Preemptive pre·emp·tive or pre-emp·tive adj. 1. Of, relating to, or characteristic of preemption. 2. Having or granted by the right of preemption. 3. a. Forensics See computer forensics. [TM] to protect web sites from phishers, hackers, and fraudsters. Corillian's strong authentication solution provides a low-cost solution for multi-factor authentication while maintaining high user satisfaction. Empowered by Corillian solutions, some of the world's most visionary financial institutions provide their customers with the tools to manage their finances more effectively and securely. For more information about Corillian Corporation, visit the company's web site at http://www.corillian.com. 1 Bank Technology News, "Will Authentication in Reverse Become the New Norm?" October 2006 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion