Green Armor wins Mid-Atlantic CU authentication mandate
02 November 2006 | 4017 views | 0
Source: Green Armor
Mid-Atlantic Corporate Federal Credit Union, which services over 1,200 credit unions and has over $2 billion in assets, announced today that it has selected Green Armor Solutions to implement two-factor and mutual/site authentication for the online banking systems of its member credit unions.
Mid-Atlantic reported that the selection followed an exhaustive process of comparing and testing authentication solutions from over a dozen vendors.
Green Armor Solutions will enable Mid-Atlantic's members to strengthen authentication for online banking and to meet new FFIEC and NCUA security guidelines without sacrificing user friendliness, and without having to endure a complicated and costly enrollment process. The system will also provide simple, straightforward, and psychologically efficient mutual authentication, helping to protect credit union members from phishing scams and related fraud without requiring effort by end-users.
"We researched and evaluated authentication systems from over a dozen vendors, and found Green Armor's technology more compelling than those of competing firms. The Green Armor system simply offers a much better user experience as well as stronger security than the technology offered by other providers," commented Robert Frank, Vice President of Information Technology at Mid-Atlantic.
Green Armor Solutions' Identity Cues series of enterprise software products leverages a combination of psychology and technology, thereby delivering a solution that is both more effective and easier to implement than alternative offerings. It stands out in its simplicity for users (they do not need to enroll, install any software, carry any devices, memorize any information, or perform extra steps during login), and its security (for example, offering multiple defenses against man-in-the-middle attacks as well as against next generation psychology-based attacks, both of which are beginning to surface as serious vulnerabilities in many authentication systems).
"We are excited to have been chosen as the authentication platform for Mid-Atlantic and its many customers," said Joseph Steinberg, CEO of Green Armor Solutions. "Mid-Atlantic's exhaustive review of numerous authentication technologies shows how critically important it considers its users' security and satisfaction. The selection of Green Armor by such an institution highlights how our unique technology excels in both of these areas."