Following a mass of phishing schemes and online fraud incidents, the FFIEC has required stronger online security. Even with stronger legislation in force, the threat of phishing still looms larger than ever, with the number of brand-domain and the total number of attacks continuing to rise, according to statistics from the Anti-Phishing Working Group and Phishtank.com.
Because of the dynamic nature of security concerns, the increasing sophistication of phishing attacks (such as "rock phish" and html insertion), and the repercussions of a high-visibility security breaches, banks need to re-examine authentication solutions and procedures.
The Keystone Authentication Platform for multi-factor authentication includes powerful anti-phishing technology that allows users to validate websites, transactions, ATM/card network connections, and bank emails prior to disclosing sensitive personal information.
Using images as a basis for generating One-Time Passwords (OTP), Keystone provides a highly-secure, yet intuitive, way for clients to authenticate bank websites and ATM networks. Keystone Authentication provides token-superior security that is cost-efficient to deploy and maintain, and leverages the user's existing portable communication devices (mobile phone, PDA, printer-paper).