McAfee (NYSE: MFE) and RSA, The Security Division of EMC (NYSE: EMC), today announced that they have signed a definitive agreement to work together on an enhanced security solution that is expected to boost consumer confidence in online banking.
The two companies plan to leverage McAfee consumer desktop security products and the RSA Adaptive Authentication solution to help enable financial institutions to provide more comprehensive protection for banking and online transactions.
McAfee's real-time (always on, always updating) security-as-a-service consumer products and RSA's authentication technology will be engineered to communicate with each other securely to enhance authentication of the legitimate user to their financial institution and provide powerful protection for the identities of online banking consumers.
The RSA Adaptive Authentication solution is designed to analyze dozens of factors, including a unique device ID (provided to each computer by the RSA system), IP address, and other browser and device characteristics to provide the second factor of authentication and confirm that the person attempting online access is the actual account owner. In addition, the technology also helps prove to the consumer that the site he/she is visiting is authentic.
McAfee's products include McAfee SiteAdvisor, McAfee SiteAdvisor Plus, McAfee Total Protection, McAfee Internet Security Suite, McAfee PC Protection Plus, and McAfee VirusScan Plus.
"We are very excited to work with RSA to create this offering," said Mark McArdle, SVP, McAfee Consumer Products. "We know that consumers are very concerned about identity theft and online fraud to the point that it has limited online banking activity. With this strategic partnership, McAfee and RSA will be able to provide customers with powerful protection and the confidence that will allow them to pursue their online activities with peace-of-mind."
"This strategic partnership raises the bar for online banking protection by leveraging input from desktop applications in a server-based authentication solution. We see great potential in expanding this planned joint offering in multiple ways that will benefit both of our customers - the financial institutions - and McAfee's users," said Christopher Young, Vice President and General Manager, Consumer Solutions, at RSA. "Many of the world's leading financial institutions and thousands of smaller institutions use RSA Adaptive Authentication to protect more than 100 million consumers. With this enhancement our customers and many of their consumers will enjoy added security with no impact on their online experience."