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Cryptomathic joins Oath initiative

08 January 2007  |  3645 views  |  0 Source: Cryptomathic

Cryptomathic has joined the membership of the initiative for Open AuTHentication, Oath, in a move which demonstrates the company's commitment to helping customers reduce the cost and complexity of deploying robust authentication measures, which will increase the security of exchanging sensitive information across a network.

Cryptomathic, one of the world's leading providers of security solutions to businesses across a wide range of industry sectors, including finance, smart card, digital rights management and government, has become a Contributing Member of the industry collaboration and will be participating in both technical and marketing activity.

Through its Oath membership, Cryptomathic will provide the Oath community with the benefits of its experience in large-scale, high-security authentication solutions for the financial sector. By integrating Oath token support into its Authenticator server product, a two-factor authentication solution for combating online fraud, Cryptomathic looks forward to offering flexible and interoperable authentication tokens to all its customers.

Jonathan Tuliani, UK Technical Director at Cryptomathic, comments: "The increasing sophistication of crime that involves gaining unauthorised access to data, such as financial fraud or identity theft, is not only increasing but is also threatening the online channel. Strong authentication is at the heart of the solution to this problem, and the Oath initiative is leading the way in making strong authentication available to the mass market in a single, standardised framework. We look forward to promoting Oath through our banking authentication server, the Cryptomathic Authenticator."

Cryptomathic joins more than 80 other leading device, platform and application vendors and end-user customers of authentication technologies, which are all dedicated to creating an open authentication architecture that will ultimately facilitate the growth of electronic commerce.

"Oath is pleased to have a company with the caliber of Cryptomathic become a member, the strength of the company and its security solutions will help promote future initiatives," says Don Malloy, Director of Business Development for Innovative Card Technologies and Chair of the Marketing Committee for Oath. "We looook forward to Cryptomathic contributing to the technical achievements that we have accomplished to date."

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