TACS PREVENT ONLINE CREDENTIAL THEFT.
"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. These mechanisms can also improve the end users' experience."
Online fraud costs financial services 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 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 and eliminates dictionary attacks. Founded in 2000, TriCipher is headquartered in San Mateo, California. The company was incubated as NSD 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 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 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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|Publication:||Online Product News|
|Date:||Dec 1, 2005|
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