Protecting Your Identity
Why The Need for 2-Factor Authentication
The increasingly rampant identity theft activities such as “phishing” have made the traditional password authentication inadequate. This has led to unauthorized access to information, and in many cases, financial losses due to unauthorized financial-related transactions.
Although there are numerous solutions available in the market, most of them are merely partial solutions to the problem, cumbersome to implement or too costly.
- Question and answer challenge response is still vulnerable to phishing as user can still be simply tricked to reveal such information.
- Server identification by displaying a known secret text/image of the user will still fail when there is a man-in-the-middle between the user and the server.
- Token-based authentication (both hardware tokens and SMS-based tokens) is vulnerable to man-in-the-middle attacks.
- Client digital certificates and smart cards are strong authentication solutions but are also cumbersome to manage or costly to deploy.
What Does it Protects
√ Online Banking
√ Corporate Banking
√ Online Merchants
OUR 2-FACTOR AUTHENTICATION SOLUTIONS
TheGRID is a user device identification and authentication solution, which typical complements any existing access control authentication measures such website login authentication or transaction authentication.