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The challenge for many mid-sized institutions is to deploy a compliant, secure, yetcustomer-friendly authentication solution that can accommodate a wide variety ofnetworking architectures from back-office infrastructure to web-hosting serviceproviders. The solutions that service providers typically offer their customersrelied on first generation technologies which could be unreliable (e.g. cookies),difficult for customers to use (e.g. matrix cards) and/ or expensive to deploy (e.g.tokens). Therefore, as institutions understand the value of a seamless digitalcertificate solution, many financial institutions and service providers are adoptingComodo TF to take advantage of the security and configurability of a Public KeyInfrastructure (PKI) solution.
Comodo TF adoption is being driven by its user-friendly interface, ease ofdeployment, ease of customer adoption and inexpensive cost model. This presents asignificant improvement in authentication performance substantially altering thecompetitive landscape. Comodo TF delivers on key performance milestones:
* Continuous, secure and authenticated online financial interactions through aPKI- based solution well-recognized for high performance and security. Thissolution provides a mutual authentication solution for any regulatory-intensiveindustry such as healthcare, insurance, education and government agencies * Bringing the power of the PKI platform to a regulatory intensive businesscommunity, creating a low-cost and highly flexible solution that scaleseffortlessly * Advances in authentication technology that could extend the institutions'ability to provide additional services and features * Quantum leap in customer adoption since it doesn't require customers to altertheir banking behavior once their Digital-ID has been created. Users can simplycontinue to use their existing usernames and passwords
"Working with our partners in the financial sectors, Comodo has been creating a newlevel of performance and ease of deployment in authentication that is unmatched bymore traditional solutions," says Melih Abdulhayoglu, CEO and Chief SecurityArchitect of Comodo. "As customers begin to deploy authentication solutions,customers and service providers are taking a new look at Comodo's PKI approach.Comodo TF, as a second generation solution, presents measurable advantages with anincreased ROI over existing approaches."
Compared to other authentication approaches, Comodo TF delivers a strong, flexibleapproach that provides a scalable foundation for future possible regulatoryrequirements while delivering measurable ROI today:
* The only PKI-based two-factor solution from a CA that delivers digitalcertificates - one of the strongest forms of authentication available for onlinesecurity. * The most cost-effective authentication solution on the market due to Comodo'smature PKI infrastructure. * Can be deployed in days and is highly flexible * Requires virtually no bank side integration * A platform that will support future authentication requirements
Comodo TF Solution Description:
FFIEC recommendations suggest that financial institutions use two factorauthentication solutions because single factor authentication is not strong enoughand too easy for fraudsters to attack. Comodo TF delivers Client DigitalCertificates to a user's PC, thus turning the PC into a "smart token" and allowingthe bank to authenticate the user. By transforming the PC into a "what you have"factor" in addition to the "what you know" user name/ password factor creates afully compliant two-factor solution. This approach is a significant improvement overother weaker, "multi layered" solutions such as the challenge/ response solutions ofmatrix cards. Digital Client certificates are an easy to deploy and secure solutionthat uses a proprietary certificate management tool for easy certificate issuance,management and revocation. Digital Client certificates can be stored directly on auser's PC or, for portability, they can be stored on smart cards or tokens formobile applications.
The most recent win for Comodo TF is Canandaigua National Bank and Trust, a largecommunity bank with over $1 billion in assets. For more information, please visitwww.comodo.com/banking
About Comodo
Comodo, through its group of Internet security companies, is a leading CertificationAuthority and global provider of Identity and Trust Assurance services on theInternet. Comodo secures and authenticates online transactions and communicationsfor over 2,000,000 businesses and consumers.
With a global presence Comodo offers businesses and consumers third-generationsolutions for intelligent security and authentication technologies that create trustonline. Comodo's technological expertise includes PKI digital certification, Codesigning certification, integrated authentication infrastructure services, WebContent authentication, Secure messaging solutions, regulatory compliancesolutions, and digital e-commerce services .For additional information on Comodo - Creating Trust Online visithttp://www.comodo.com
