TACS PREVENT ONLINE CREDENTIAL THEFT.TriCipher, Inc. and Authentify, Inc. have formed an alliance to establish stronger security for online services. By integrating the TriCipher Armored Credential System (TACS (Total Access Communication System) An analog cellular phone system deployed mostly in Europe. It was modeled after the AMPS system in the U.S. In the U.K., ETACS (Extended TACS) transmits in the 871-904/916-949 MHz band. ) solution with the Authentify service, the companies will create the first integrated 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. solution that combines the ability to issue multiple credential types from a single infrastructure with secure, voice-based authentication. The integrated solution is expected to be available in the fourth quarter of 2005. "User identity proofing is essential," noted Mark Diodati analyst, Identity and Privacy Strategies, Burton Group. "Without it, organizations cannot have confidence that legitimate users are accessing their sensitive systems. Out of band and layered authentication mechanisms can provide excellent proofing for an 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 . These mechanisms can also improve the end users' experience." Online fraud costs 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. companies more than $1 billion annually and erodes consumer confidence in online services. To address these issues, organizations must not only be able to prevent thieves from gaining access to systems but also have the ability to double-check user identity for high-risk transactions. TACS helps prevent credential theft and the use of stolen credentials by using multi-part credentials and matching authentication strength to risk for different user groups. With the addition of Authentify to the TACS solution, organizations will be able to distribute activation codes to users quickly and securely, as well as provide secondary voice-based authentication for high-risk or suspicious transactions. "We are very pleased to partner with the leader in telephone-based identity," said Ravi Ganesan, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of TriCipher. "TriCipher and Authentify together provide a strong solution to help prevent thieves from gaining access to online services. In addition, our combined solution offers financial services companies a variety of options for secondary authentication during high-risk or potentially fraudulent transactions." "This combined solution is a big step forward in protecting online services," added Peter Tapling, CEO of Authentify. "It's all about keeping the bad guys out in the first place." About TriCipher, Inc. TriCipher, Inc. provides strong authentication for the real world. The first authentication system that issues multiple types of credentials from a single infrastructure, the TriCipher Armored Credential System (TACS) allows for authentication strength to change in response to new threats without any infrastructure changes. Its patented technology fills the gap between authentication systems that are not secure enough and those that are difficult to use and deploy. TriCipher's approach to strong multi-factor authentication protects against 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. and eliminates dictionary attacks A brute force attack that uses common words as possible passwords or decryption keys and may provide a more efficient way of discovering the user's code. Sophisticated dictionary attacks sort words by frequency of use and start with the most likely possibilities; for example, names of . Founded in 2000, TriCipher is headquartered in San Mateo, California San Mateo is a city in San Mateo County, California, in the San Francisco Bay Area. It is one of the larger suburbs on the San Francisco Peninsula, located between Burlingame to the north, Foster City to the East, and Belmont to the south. . The company was incubated as NSD NSD Nairobi sheep disease. Security before launching as a separate entity in 2005 with backing from ArrowPath Venture Capital, Intel Capital, Trident Capital, and Wasatch Venture Partners. TriCipher can be found on the World Wide Web at http://www.tricipher.com/. About Authentify, Inc. Authentify, Inc. provides automated authentication services that enable organizations to quickly and cost-effectively provide real-time user authentication See authentication. during an Internet session. By leveraging the familiarity of telephone networks, Authentify ensures that deployment of e-Security is practical for business and easy for consumers. The company's patented process seamlessly integrates into existing online processes that have been developed for e-business, secure information access, and the distribution of security credentials. The Authentify solution provides a trusted, real-time mechanism for the management of digital credentials Digital credentials are meant to be the digital equivalent of paper based credentials. Just as an example a paper based credential could be a passport, a Driver's license, a membership certificate or some kind of ticket to obtain some service, like a cinema ticket or a public and username/password systems for employees, trading partners, and customers while also ensuring the availability of a comprehensive audit trail. Authentify is privately held and based in Chicago, Illinois. Authentify can be found on the World Wide Web at http://www.authentify.com, or call 773-243-0300. For more information, call 408/920-0585. |
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