How to Protect Online Transactions

Smartphones emerge as key to out-of-band authentication methods for online finance

February 6, 2012

Network World reports on new multifactor authentication methods for protecting online transactions, including image-based authentication from Confident Technologies. 

The trusty telephone is emerging as one of the key elements in new multifactor authentication schemes designed to protect online banking and other web-based financial transactions from rapidly evolving security threats.

New federal guidelines, which took effect last month, recommend multiple layers of security controls beyond the traditional username/password, particularly out-of-band authentication methods.

SLIDESHOW: Hot authentication tools

While the Federal Financial Institutions Examination Council (FFIEC) rules apply specifically to banks, credit unions, mortgage lenders, and savings and loans, every organization that deals in online financial transactions such as shopping portals, credit card companies, online bill payments, etc. is affected.

Read the full Network World article by clicking here. 

 

Check out the slideshow "Hot Authentication Tools" to see more about image-based, multifactor authentication from Confident Technologies, or click here to learn more.