KeyID News — Oct 2007

KeyID Releases SecureOTP

Wilton, CT - October 23, 2007 – KeyID, a next-generation Internet security firm, today announces the release of SecureOTP. Many financial institutions have invested in one-time password (OTP) technology to enhance online security and meet FFIEC regulations. While it helps, OTP does not fully secure the transactions. It provides only limited protection against phishing and pharming attacks. It doesn’t protect against Man in the Middle (MITM) or Man in the Browser (MITB) attacks. While financial loss from such events are significant, the customer loyalty loss can be devastating as well. According to a recent study, 41 percent of customers indicate they would change financial institutions if the firm experienced a data breach.

With full protection against Phishing, Pharming, MITM and MITB attacks, your investment in OTP can reach its potential. SecureOTP can help you realize OTP ROI. This plug-in ensures that data is only transmitted between an authorized client and server by validating elements of their unique communication channel.

SecureOTP prevents identity theft and reduces fraud-related expenses, delivering true FFIEC compliance and improving consumer confidence. SecureOTP is a light-weight plug-in that works with common browsers. Your customers can download the plug-in quickly and easily from your institution’s website or KeyID’s website. They don’t need to register or obtain certificates, making SecureOTP easy to deploy and manage.

“We’re thrilled to finally release SecureOTP to the market following months of research and development,” states Gail Kerr, Executive Vice President of Business Development for KeyID. “SecureOTP addresses two critical business challenges: 1.) The need for stronger online banking and financial institution data security, and 2.) The need for an intuitive, user-friendly experience.”

To learn more about KeyID, its services or solutions, visit keyid.com or call 203.834.2288.

About KeyID
Founded in 2006, KeyID is a next-generation Internet security solutions firm delivering innovative technology that maximizes protection while simplifying the user experience. Its access authentication, identity verification, data encryption and transaction authorization services and solutions are targeted for use in leading financial institutions, health insurers, online retailers and social networking and employment sites.