Aladdin and IdenTrust Partner to Strengthen Security for Online Banking
July 15 2008 - 6:30AM
Marketwired
CHICAGO, IL , an information security leader specializing in
authentication, software DRM and content security, today announced
a partnership with IdenTrust, who possesses the only global
bank-centric identity network, to provide identity authentication
solutions for secure online banking and financial transactions.
Aladdin and IdenTrust are collaborating to offer
certificate-based two-factor authentication for unmatched security,
enabling financial organizations in the United States, Europe and
Asia to implement next-generation technology to improve the
security of e-commerce, fight identity theft, increase customer
trust and drive revenue.
Aladdin and IdenTrust will develop joint initiatives to drive
future innovation and expand the options available for secure
online banking and other industries requiring globally
interoperable certificate-based transactions. A premier provider of
authentication solutions to global financial institutions and the
United States government, IdenTrust has won numerous awards and
received global recognition from Ernst and Young, Bank Technology
News and Financial-i.
Aladdin eToken PRO is certified by IdenTrust to be compliant
with the IdenTrust Rule Set, which provides a standards-based
approach for identity authentication and validation developed by
the global financial services community and accepted in more than
175 countries. The IdenTrust Rule Set delivers an interoperable
framework that enables regulatory compliance for high-assurance
identities which are legally binding and universally applicable for
all forms of electronic transactions.
"IdenTrust is partnering with Aladdin to complement our
bank-issued identity credentials, providing high-quality and robust
smartcard technology that financial institutions and their
customers can trust and rely upon," said Karen Wendel, Chief
Executive Officer at IdenTrust."
Authentication, Encryption and Digital Signatures
IdenTrust validates the identity associated with the
transaction, but not the data associated with the transaction --
preserving the integrity and confidentiality of transmitted data.
Online banking conducted while authenticated with the
Aladdin-IdenTrust solution is encrypted, making data inaccessible
to unauthorized persons as well as eliminating phishing and
man-in-the-middle attacks. Secure digital signatures authorize
electronic documents, emails and transactions to the same level of
legal protection as traditional ink-and-paper signatures.
Compliance
Combining authentication, encryption and digital signing, the
Aladdin-IdenTrust solution assists organizations in complying with
a multitude of regulatory requirements including Sarbanes-Oxley
(SOX), HIPAA, PCI, and FFIEC initiatives for Anti-Money Laundering
(AML) and Know Your Customer (KYC).
"IdenTrust certification of Aladdin eToken is a testament to the
strength of eToken in the global authentication market," said Phil
Pavay, vice president of global business development at Aladdin
Knowledge Systems. "By partnering with IdenTrust, Aladdin is able
to expand the range of eToken services to incorporate IdenTrust's
globally-recognized Trust Network certificates for the highest
security in online financial transactions."
About IdenTrust
IdenTrust is a leader in trusted identity solutions recognized
by financial institutions, government agencies and businesses
around the world. The only bank-developed identity authentication
system, IdenTrust provides a legally and technologically
interoperable environment for authenticating and using identities
in more than 175 countries. IdenTrust enables end-users to have a
single identity that can be used with any bank, any application,
and across any network. IdenTrust identities are globally
interoperable under uniform private contracts. For more
information, visit www.identrust.com.
About Aladdin eToken
Aladdin eToken is the world leader for USB-based authentication
solutions. eToken provides strong user authentication and
cost-effective password management solutions, enabling secure
network access, improved data security through enhanced encryption
and digital signing, as well as compliance with a wide range of
regulatory requirements worldwide. Visit
www.Aladdin.com/eToken.
About Aladdin
Aladdin Knowledge Systems' Software Rights Management products
are the #1 choice of software developers and publishers to protect
intellectual property, increase revenues, and reduce losses from
software piracy. Aladdin eToken is the world's #1 USB-based
authentication solution. The Aladdin eSafe secure Web gateway
provides the most advanced protection against the latest Web-based
threats and attacks. Aladdin has offices in 12 countries, a
worldwide network of channel partners, and has won numerous awards
for innovation. For more information, visit the Aladdin Web site at
www.Aladdin.com.
�2008 Aladdin Knowledge Systems, Ltd. All rights reserved.
eToken, Aladdin Knowledge Systems and the Aladdin logo are
trademarks or registered trademarks of Aladdin Knowledge Systems,
Ltd. All other product and brand names mentioned in this document
are trademarks or registered trademarks of their respective
owners.
Press Contact: Matthew Zintel Zintel Public Relations
matthew.zintel@zintelpr.com 310.574.8888 Investor Relations
Contact: Erik Knettel / Andrea Costa Global Consulting Group
aladdin@hfgcg.com 646.284.9400
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