SECURED MULTI-FACTOR AUTHENTICATION

With mobile smartphones becoming increasingly ubiquitous in our lives, mobile banking has seen an equally rapid growth in usage.

Traditional security methods such as authentication passwords are under increased stress due to online attacks, and may be further crippled with users continuing to use weak passwords or share them across multiple online services.

Second-factor authentication (2FA) solutions such as SMSes or hardware tokens are costly, inconvenient, and subject to man-in-the-middle attacks on mobile phones. At the same time, weaknesses found in common mobile operating systems mean that mobile applications and mobile tokens need extra protection against advanced persistent threats that continue to expose mobile user authentication.

As a result, banks today are looking to significantly raise their standards of mobile security. test

ESTABLISHING THE OVERALL SECURITY OF MOBILE BANKING APPLICATIONS
A V-Key client planned to roll out a new mobile banking application to launch a foreign digital banking unit. Their top priority was to establish the security of these mobile banking accounts before, during and post launch, while still providing an excellent user experience.

Some of the challenges faced:

Hardware 2FA tokens were too expensive given the large customer base

Physical distributions were unpredictable across the many states

SMS one-time passwords were costly and unreliable

Mobile tokens were previously turned down by a foreign regulator
Despite these challenges, we worked closely with our client to implement a series of competitive penetration tests, which the foreign regulator accepted as secure. The result? An increased confidence in rolling out a secure mobile banking application, the ability to scale and expand to new regions, and cost-savings of millions of dollars.

V-Tap, a mobile authentication token, can be easily integrated with existing mobile applications or used as a standalone application. It is anchored by the security of the patented V-OS Virtual Secure Element. At the same time, it has both the convenience and low cost of a mobile software solution.

V-OS provides a tamper-proof virtual hardware container for secure cryptographic processing and the storage of cryptographic keys. Together with V-Tap, it offers a sturdy security foundation that ensures peace-of-mind and interoperability for your institution.

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Now that smartphones are an integral part of daily life and routines, the public expect government services such as bill/fine payment or licensing applications to be securely accessible via mobile. However, traditional security methods such as the use of authentication passwords are under increased stress due to online attacks, and may be further crippled with users continuing to use weak passwords or share them across multiple online services.

Second-factor authentication (2FA) solutions such as SMSes or hardware tokens are costly, inconvenient, and subject to man-in-the-middle attacks on mobile phones. At the same time, weaknesses found in common mobile operating systems mean that mobile applications and mobile tokens need extra protection against advanced persistent threats that continue to expose mobile user authentication.

PROVIDING SECURE AUTHENTICATION FOR CITIZENS
The rise of cyber crime and digital identity theft has warranted a rise in security standards of online citizen services. Government agencies today are looking to move away from their long-standing reliance on passwords.

Challenges faced by government agencies include:

Deploying alternative security solutions aside from costly hardware tokens or SMS one-time passwords

Protecting against advanced persistent threats on mobile and man-in-the middle attacks

Rolling out new, secure mobile services

Government agencies can incorporate V-Key’s authentication solutions in their mobile applications. With V-Key, governments can experience a full end-to-end protection that secures their digital identity using their mobile phones, reducing reliance on passwords.

V-Tap, a mobile authentication token, can be easily integrated with existing mobile applications or used as a standalone application. It is anchored by the security of the patented V-OS Virtual Secure Element. At the same time, it has both the convenience and low cost of a mobile software solution.

V-OS provides a tamper-proof virtual hardware container for secure cryptographic processing and the storage of cryptographic keys. Together with V-Tap, it offers a sturdy security foundation that ensures peace-of-mind and interoperability for your institution.

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With an increasing number of employees working remotely or frequently traveling for work purposes, enterprises are beginning to look at how they can keep their sensitive data safely and prevent cyber-crime.

Second-factor authentication (2FA) solutions such as SMSes or hardware tokens are costly, inconvenient, and subject to man-in-the-middle attacks on mobile phones. At the same time, weaknesses found in common mobile operating systems mean that mobile applications and mobile tokens need extra protection against advanced persistent threats that continue to expose mobile user authentication.

ESTABLISHING AN INTERNAL ENTERPRISE VPN
A large enterprise V-Key client previously accessed sensitive data over a VPN via an established hardware token vendor. However, this proved to be a costly and inconvenient process.

Some other challenges faced were:

Allowing staff to conveniently access corporate services without having to carry additional hardware tokens

Finding a software token that was truly secure

After rounds of competitive penetration tests, our client decided to shift from using the hardware token to V-Key’s mobile token technology, subsequently integrating it with their existing authentication server and token management system seamlessly.

Following the rollout with V-Key, the company was able to better support its mobile workforce, and also reduce their overall Total Cost of Ownership.

V-Tap, a mobile authentication token, can be easily integrated with existing mobile applications or used as a standalone application. It is anchored by a patented V-OS Virtual Secure Element. At the same time, it has both the convenience and low cost of a mobile software solution.

V-OS provides a tamper-proof virtual hardware container for secure cryptographic processing and the storage of cryptographic keys. Together with V-Tap, it offers a sturdy security foundation that ensures peace-of-mind and interoperability for your institution.

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