Consumer trust in the internet and the security provided by online financial services is low. Companies that do not provide strong authentication are increasingly vulnerable to attack. In an effort to address this issue and to restore consumer confidence, the FFIEC requires U.S. Banks with online banking to utilize two-factor authentication by the end of 2006. And experts agree that other countries are likely to follow this initiative.
The most comprehensive approach to providing two-factor strong authentication can be achieved through the use of public key technology. It can provide digital identities in the form of soft-tokens, smart cards, or from centralized ‘roaming’ solutions.
Over 50 major financial institutions world-wide use Cybertrust’s managed PKI services and/or
UniCERT® technology to secure their infrastructure and/or provide secure financial services.