With the threat of online fraud on the rise, banks and financial institutions need to implement strong authentication. SolidPass two-factor authentication (2FA) security tokens help banks and financial enterprises offer secure services to their customers. The two-factor authentication solution is flexible, easy to deploy & fully functional on mobile devices, browsers and desktops.

Benefits of the SolidPass Mobile Security Token

Users are more likely to recognize the loss of their mobile phone before they recognize the loss of a hardware token. This means that they are also more likely to recover a misplaced mobile phone before finding a lost hardware token. Therefore, as a result mobile phones have become a more reliable deployment method than hardware tokens. Essentially, the SolidPass Mobile Application is a more secure, more convenient and more cost-effective form of mobile security than any hardware tokens currently on the market.

Regulatory Compliance

Regulatory requirements are pressuring organizations to adopt stronger authentication methods and to secure access to data systems and applications.  Static username/password identity management no longer provide enough security to authenticate users accurately.  This has led to adopting two-factor authentication systems.  Legislation from the Sarbanes-Oxley Act (SOX), guidelines from the Federal Financial Institutions Examination Council (FFIEC), and recommendations from the Health Insurance Portability and Accountability Act (HIPAA) all require that organizations use stronger forms of authentication to mitigate data theft, prevent fraud, protect customer information and patient privacy.  SolidPass helps organizations and enterprises comply with regulatory regimes that cover authorization rules and auditing protocols.
In addition to non-compliance, organizations that continue to use static username/passwords face numerous problems ranging from brute force attacks, dictionary attacks, guessing and social engineering.
For the banking industry, 2FA tokens are quickly becoming a mandatory offering for online and mobile banking:

• FFIEC Guidance on 2FA
• PCI Data Security Standards
• FACTA Identity Theft Red Flags

SolidPass  security token can be used to prevent the following:

• Phishing Attacks
• Pharming Attacks
• Man-In-The-Middle Attacks
• DNS Cache Poisoning Attacks
• Trojans Attacks
• Man-In-The-Phone Attacks
• Browser Poisoning Attacks
• Dictionary Attacks
• Brute-Force Attacks

Protect your company and your customers and clients from the growing risks of cyber fraud.