HiBank Chooses Authenex Security Solution to Protect Customer Accounts and Company Network.HAYWARD, Calif. -- Comprehensive system employs hybrid token for optional PKI (Public Key Infrastructure) A framework for creating a secure method for exchanging information based on public key cryptography. The foundation of a PKI is the certificate authority (CA), which issues digital certificates that authenticate the identity of , Challenge-Response or One-Time Password (security) One-Time Password - (OTP) A security system that requires a new password every time a user authenticates themselves, thus protecting against an intruder replaying an intercepted password. OTP generates passwords using either the MD4 or MD5 hashing algorithms. providing added security of Two-Factor Authentication The use of two independent mechanisms for authentication; for example, requiring a smart card and a password. The combination is less likely to allow abuse than either component alone. See authentication. for customers and employees Authenex, a leading provider of affordable and strong authenticated e-security applications, announced today that Hsinchu International Bank has selected Authenex to provide two-factor authentication for its customer base and internal workforce. With over 80 branches and a worldwide banking presence, Hsinchu International Bank, or HiBank, required a secure and flexible solution that was totally mobile and easily scalable to protect its vast amount of sensitive financial information. HiBank will utilize the Authenex Strong Authentication System The combination of authentication server and authenticator, which may be separate devices or both reside in the same unit such as an access point or network access server. The authentication server contains a database of user names, passwords and policies, and the authenticator physically (ASAS ASAS All Source Analysis System ASAS Australian Special Air Service ASAS American Society of Animal Science ASAS Airborne Separation Assurance System ASAS All Saints Anglican School (Gold Coast, Australia) ASAS Advanced Solid Axial Stage (TM)) and deploy an Authenex A-Key(R) token to banking customers to guard against various threats, including hacking and phishing. "Authenex provides a solid foundation for our security infrastructure and is able to provide strong protection for our company's customers and their assets," said Daniel Huang, assistant vice president of HiBank. "The A-Key offered the best technology we evaluated -- its ease of use and intuitive design greatly assists in deployment to our employees and customers." ASAS provides strong protection against unauthorized access to a network. The solution is unique and powerful, enabling an enterprise to audit activity, administrate ad·min·is·trate tr.v. ad·min·is·trat·ed, ad·min·is·trat·ing, ad·min·is·trates To administer. administrate Verb [-trating, -trated accounts and maintain performance from a convenient Web Management Console. All database information is protected with 128-bit Advanced Encryption Standard (cryptography, algorithm) Advanced Encryption Standard - (AES) The NIST's replacement for the Data Encryption Standard (DES). The Rijndael /rayn-dahl/ symmetric block cipher, designed by Joan Daemen and Vincent Rijmen, was chosen by a NIST contest to be AES. (AES). "HiBank is a respected name in business and consumer banking and is committed to providing the best service and highest security to its customers," said Morris Oy, chief representative for Asian Markets, Authenex. "We are very delighted to partner with an industry leader such as HiBank, who recognizes the need for strong protection of transactions conducted in the financial world." HiBank specializes in providing retail banking services as well as business loans, electronic remittance, bank guarantees and securities investments. The company is headquartered in Hsinchu, Taiwan. About Authenex, Inc. Authenex has developed the most affordable, secure and easy-to-use platform for strong (two-factor) authenticated e-security applications, making it possible for enterprises and PC-users to afford and deploy the highest standards in network security. The Authenex suite of applications includes Strong Authentication for VPN (Virtual Private Network) A private network that is configured within a public network (a carrier's network or the Internet) in order to take advantage of the economies of scale and management facilities of large networks. , LAN (Local Area Network) A communications network that serves users within a confined geographical area. The "clients" are the user's workstations typically running Windows, although Mac and Linux clients are also used. and Web, Strong Web Access Control, End Point (File and Hard-Drive) Encryption, Secure File Exchange, and Secure Certificate Storage. Each leverages the chip-based A-Key token providing simplified management and use. Combined authentication features are offered in the A-Key for multi-functional usage for One-Time Password, PKI or Challenge-Response authentication. For more information, call 1-877-AUTHENEX, or visit http://www.authenex.com. Authenex, A-Key, ASAS, SAC, HDLock, ASafe, ACert, A-Remote and associated logos are registered or unregistered trademarks of Authenex, Inc. All other registered and unregistered trademarks in this document are the sole property of their respective owners. |
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