Deepnet Technologies launches suite of Authentication solutions to defend online consumers against identity theft.
London, Dec. 7, 2005 - Deepnet Technologies today announced the launch of a suite of two-way and two-factor authentication solutions that overcome the weaknesses of password-only based systems. The Deepnet Authentication suite aims to provide reliable and flexible solutions for banks, financial institutions and ecommerce websites, allowing their customers to use strong two-factor authentication to protect their online accounts.
The Deepnet Authentication suite consists of three different products: Mobile 2x2, Remote 2x2 and Smart 2x2, The products can be easily integrated into existing infrastructures or work as one-stop solution. All new products are two-way and two-factor i.e. it leverages something you know, such as a password, and something you have, such as an One-Time-Password token or computer fingerprint to validate customer’s credentials.
"Following the success of Deepnet AntiPhishing, the launch of Deepnet Authentication products further enhances our position as a leading player in the online anti-fraud market", says Yurong Lin, CEO of Deepnet Technologies. "Unlike expensive hardware token based solutions, Deepnet Authentication offers low cost, two-way and two-factor authentication based on existing hardware such as PC, PDA and mobile phones".
In the U.S. the Federal Financial Institutions Examination Council (FFIEC) recently published a guide, "Authentication in an Internet Banking Environment", which recommends that financial institutions implement enhanced security measures to address the risk of identity theft for their online banking customers. The FFIEC recommends the use of strong two-factor authentication to securely identify customers before allowing any access to sensitive information.
Deepnet Technologies aims to provide banks, financial institutions and their customers with the most reliable, strong, two-way and two-factor authentication available that is also easy to deploy, simple to use and cost-effective.
For additional information regarding Deepnet Technologies and the new suite of authentication technologies, please visit www.DeepnetSecurity.com.
"Phishing has cost U.S. consumers $500 million, according to a study sponsored by Truste and NACHA. Three-quarters of wired Americans have noticed an increase in phishing incidents during the past few months, with one-third saying they've receiving e-mails sent under fraudulent pretenses at least once a week."
