Recommendations Stress Need to Provide Consumers with Multi-Factor
Authentication to Protect Against Fraud and Identity Theft
BEDFORD, Mass., Oct. 20 /PRNewswire-FirstCall/ -- A recent guidance by the
Federal Financial Institutions Examination Council (FFIEC) recommends
financial institutions offer consumers stronger forms of security to protect
online banking transactions from fraud and identity theft. Specifically, the
guidance notes that single-factor authentication -- which grants full account
access based on the entry of only a username and password -- does not
adequately protect consumers from online fraud and identity theft. Thus, the
FFIEC recommends financial institutions implement multi-factor authentication
to bolster the security of online banking.
Experts from RSA Security are available to discuss the ramifications of
this guidance as well as the multi-factor authentication technologies that
could enable financial institutions to better protect online banking in the
United States. Organizations worldwide -- including American Bank, Banorte,
Credit Suisse, E*TRADE Financial and Stonebridge Bank -- already rely on RSA
Security's two-factor authentication solutions to provide customers with
stronger online banking security. RSA Security is able to discuss what these
organizations, and others, are doing to strongly protect their customers
online.
About RSA Security Inc.
RSA Security Inc. is the expert in protecting online identities and
digital assets. The inventor of core security technologies for the Internet,
the company leads the way in strong authentication and encryption, bringing
trust to millions of user identities and the transactions that they perform.
RSA Security's portfolio of award-winning identity & access management
solutions helps businesses to establish who's who online -- and what they can
do.
With a strong reputation built on a 20-year history of ingenuity,
leadership and proven technologies, we serve more than 18,000 customers around
the globe and interoperate with more than 1,000 technology and integration
partners. For more information, please visit http://www.rsasecurity.com.
RSA, RSA Security and SecurID are either registered trademarks or
trademarks of RSA Security Inc. in the United States and/or other countries.
All other products and services mentioned are trademarks of their respective
companies.
For more information:
Courtney Hohne Dave Howell
OutCast Communications RSA Security Inc.
(415) 392-8282 (781) 515-6303
courtney@outcastpr.com dhowell@rsasecurity.com
SOURCE RSA Security Inc.
 back to top
Related links:
http://www.rsasecurity.com
CONTACT:
Courtney Hohne of OutCast Communications,
+1-415-392-8282, courtney@outcastpr.com; or Dave Howell of RSA
Security Inc., +1-781-515-6303, dhowell@rsasecurity.com
|
