18 July 2018
Register today

FDIC selects Secure Computing's SafeWord authentication technology

09 January 2006  |  1937 views  |  0 Source: Secure Computing

Secure Computing Corporation (NASDAQ:SCUR), the experts in securing connections between people, applications and networks, today announced that the Federal Deposit Insurance Corporation (FDIC) has purchased Secure Computing's SafeWord PremierAccess strong authentication solution to protect data used by employees who telecommute or access agency resources remotely.

In a 2004 report issued by the FDIC entitled "Putting an End to Account-Hijacking Identity Theft," the FDIC stated that, "Fraudsters are taking advantage of the reliance on single-factor authentication for remote access to online banking, and the lack of E-mail and Web site authentication, to perpetrate account hijacking. Financial institutions and government should consider a number of steps to reduce online fraud, including upgrading existing password-based single-factor customer authentication systems to two-factor authentication."

"We are very pleased that the FDIC is using Secure Computing as one of its authentication solutions," said Vince Schiavo, senior vice president, worldwide sales and marketing at Secure Computing. "SafeWord could also be a particularly attractive two-factor authentication solution for banks because SafeWord products are smoothly interoperable with many of third-party applications, offer low total cost of ownership and are easy to manage for an unlimited number of users."

For this transaction with the FDIC, Secure Computing was in partnership with Emergent OnLine, one of the most trusted IT integrators for the US Government. "This is another significant win for both Emergent OnLine and Secure Computing," said Paul Ghostine, co-founder and CEO of Emergent OnLine. "Secure Computing's world-class products and outstanding sales support make them a great partner to work with, and we look forward to closing more deals with them."

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
Visit info.nice.comVisit https://secure.vasco.comVisit http://go.jumio.com/finextraAd

Who is commenting?

Top topics

Most viewed Most shared
Metro Bank opens developer portalMetro Bank opens developer portal
9796 views comments | 5 tweets | 14 linkedin
Calmejane quits Lloyds Bank to join SocGenCalmejane quits Lloyds Bank to join SocGen
9780 views comments | 3 tweets | 7 linkedin
Anything Visa can do...Mastercard takes time outAnything Visa can do...Mastercard takes ti...
9357 views comments | 6 tweets | 15 linkedin
Mastercard enlists Worldpay to push Vocalink's Pay by Bank appMastercard enlists Worldpay to push Vocali...
8605 views 19 comments | 14 tweets | 30 linkedin
Citi to streamline corporate receivables with HighRadiusCiti to streamline corporate receivables w...
8040 views comments | 1 tweets | 5 linkedin

Featured job

Competitive base, double ote, benefits
New York, Boston, Chicago, Philadelphia, USA

Find your next job