Entrust, Inc. (NASDAQ:ENTU) is opening its Entrust IdentityGuard multi-factor authentication platform to support additional third-party authentication technologies.
"Our customers are telling us that single authenticator solutions are not going to work to help them address challenges such as Federal Financial Institutions Examination Council's (FFIEC) guidance. They clearly want a range of options when it comes to authenticating users, and they don't want to operate separate systems to achieve that. Instead, they want a single platform that can support all their authentication needs today and grow to meet their needs in the future," said Entrust Chief Technology Officer Chris Voice. "While today we support over half a dozen authentication methods out of the box with Entrust IdentityGuard, we have opened our platform to incorporate other technologies that have value for particular users, applications or transactions - all of which are managed from a centralized, policy driven platform."
Currently, Entrust IdentityGuard supports authentication methods including machine, knowledge-based, out-of-band, mutual and Entrust's patented grid authentication. With this current suite of authenticators, Entrust already offers a broad range of choices, so financial institutions can step up authentication based on transaction risk. This can help thwart keystroke logging, phishing, pharming, spyware and man-in-the-middle attacks when used accordingly.
"Financial institutions are under pressure to address online banking risk assessment and user authentication, as well as boost consumer confidence with online banking," said Gartner Vice President and Distinguished Analyst Avivah Litan. "These organizations need a range of fraud detection and authentication choices rather than taking a "one size fits all" approach. Being able to manage a range of these techniques provides an especially attractive approach to address both the security and operational requirements."
As a world leader in providing security to critical online applications, Entrust brings to the table more than just authentication through Entrust IdentityGuard. Paired with Entrust's leading PKI solution, Entrust TruePass, deploying organizations have the ability to extend multi-factor authentication with seamless digital signatures and end-to-end encryption. This powerful combination is unique to Entrust and can help deliver significant value to deploying customers.
"We have a long history of innovating to help meet our customers' needs, and this move reinforces our commitment to rise to the occasion when security challenges face them," adds Voice. "Offering unprecedented flexibility is something that really sets us apart from our competitors, and it's something our customers have grown to expect from us."