TraceSecurity's Multi-factor Authentication Solution Interfaces with USERS' Internet Banking Application for Financial Institutions.BATON ROUGE, La. -- TraceSecurity announced that TraceAuthenticate, its multi-factor authentication solution, seamlessly interfaces with the PCU PCU - PCI Configuration Utility Internet Banking solution from USERS Incorporated, a business unit of Fiserv Inc. (Nasdaq: FISV FISV Fiserv, Inc (stock symbol) ). TraceSecurity is a leading provider of on-demand security compliance management solutions. TraceAuthenticate is an appliance-based solution that enables financial institutions to comply with FFIEC FFIEC Federal Financial Institutions Examination Council guidelines for multi-factor authentication to reduce exposure to risk during Internet banking transactions by Dec. 31, 2006. It provides consumers the added protection of two-factor authentication, which helps eliminate the growing threat of account hijacking hijacking Crime of seizing possession or control of a vehicle from another by force or threat of force. Although by the late 20th century hijacking most frequently involved the seizure of an airplane and its forcible diversion to destinations chosen by the air pirates, when and Internet fraud A crime in which the perpetrator develops a scheme using one or more elements of the Internet to deprive a person of property or any interest, estate, or right by a false representation of a matter of fact, whether by providing misleading information or by concealment of . It is easily managed and has minimal impact to consumers because it is installed at the financial institution and does not require users to load any additional software. In addition, a single TraceAuthenticate server can be used to support multiple financial institutions, allowing for simple installation and support of CUSO's and co-location sites. "We're pleased that TraceAuthenticate is now 100 percent compatible with USERS' online banking application because now even more financial institutions and consumers can benefit from it," said Jim Stickley, CTO (Chief Technical Officer) The executive responsible for the technical direction of an organization. See CIO and salary survey. of TraceSecurity. "This type of solution is extremely cost-effective, user-friendly and is a practical alternative to other multi-factor authentication tools such as tokens, key fobs and bingo cards. TraceAuthenticate is currently compatible with most Internet banking applications including Symitar, Fidelity IFS, Open Solutions as well as numerous homegrown solutions." TraceAuthenticate includes a hybrid technology that gives financial institutions the option of "strong authentication" by installing an add-on toolbar, called TraceAssure. It provides consumers an even greater level of Internet security protection, guarding against malicious phishing, spear phishing, pharming pharming (fär`mĭng), the use of genetically altered livestock, such as cows, goats, pigs, and chickens, to produce medically useful products. and man-in-the-middle attacks. Together, TraceAuthenticate and TraceAssure validate the authenticity of a Web site as well as the identity of the end user. "The FFIEC deadline for multi-factor authentication is rapidly approaching, and financial institutions need a feasible and effective solution as quickly as possible," said Pete Stewart, 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 TraceSecurity. "Our average installation time is one week from when the contract is signed, and the implementation is seamless and efficient. TraceSecurity is committed to giving financial institutions the tools they need to make a positive difference in their marketplace." Stewart continued, "Although TraceSecurity does not have a partnership with USERS, we have strategic alliances with many other prominent industry organizations such as CUNA Cuna Chibchan-speaking Indian people who once occupied the central region of what is now Panama and the neighbouring San Blas Islands and who still survive in marginal areas. In the 16th century they lived in federated villages under chiefs who wielded considerable power. . In fact, TraceAuthenticate is CUNA Strategic Services' only recommended multi-factor solution." About TraceSecurity TraceSecurity is a leading provider of on-demand security compliance management solutions. The company's patent-pending enterprise solution, TraceSecurity Compliance Manager, helps customers satisfy national and international data security compliance requirements mandated by such regulations as GLBA GLBA Gramm-Leach-Bliley Act of 1999 (Financial Modernization Act of 1999) GLBA Gay and Lesbian Business Association GLBA Great Lakes Booksellers Association GLBA Glacier Bay National Park and Preserve , Sarbanes-Oxley, and HIPAA (Health Insurance Portability & Accountability Act of 1996, Public Law 104-191) Also known as the "Kennedy-Kassebaum Act," this U.S. law protects employees' health insurance coverage when they change or lose their jobs (Title I) and provides standards for patient health, . The software's patent-pending technology automates vulnerability testing, policy management, employee education and board-level reporting. More than 500 global enterprises in the financial services, insurance, healthcare, government, manufacturing and services industries rely on TraceSecurity to continually test and improve the computer security of their companies. TraceSecurity's products and services include: Risk Assessments, Security Assessments, Two Factor Authentication solutions, Anti-Phishing Solutions, Penetration Testing, Application Testing, Social Engineering, Security Awareness training, and On-demand Vulnerability and Compliance Assessment software. Headquartered in Baton Rouge, La., TraceSecurity maintains offices in Houston, Austin, and Dallas; Portland, Ore.; Columbus, Ohio; Cupertino, Calif., Salt Lake City and San Diego. The company can be reached by phone at 877.275.3009 or on the Web at www.tracesecurity.com. |
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