Aladdin and IdenTrust Partner to Strengthen Security for Online Banking
2008-07-15 05:30:00
Aladdin and IdenTrust Partner to Strengthen Security for Online Banking
Aladdin eToken and IdenTrust Provide Certificate-Based Authentication, Encryption and Digital Signing Solutions for Secure Financial Transactions
CHICAGO, IL–(EMWNews – July 15, 2008) – Aladdin
Knowledge Systems (
specializing in authentication, software DRM and content security, today
announced a partnership with IdenTrust, who possesses the only global
bank-centric identity network, to provide identity authentication solutions
for secure online banking and financial transactions.
Aladdin and IdenTrust are collaborating to offer certificate-based two-factor
authentication for unmatched security, enabling financial organizations
in the United States, Europe and Asia to implement next-generation
technology to improve the security of e-commerce, fight identity theft,
increase customer trust and drive revenue.
Aladdin and IdenTrust will develop joint initiatives to drive future
innovation and expand the options available for secure online banking and
other industries requiring globally interoperable certificate-based
transactions. A premier provider of authentication solutions to global financial
institutions and the United States government, IdenTrust has won numerous
awards and received global recognition from Ernst and Young, Bank
Technology News and Financial-i.
PRO is certified by IdenTrust to be compliant with the IdenTrust Rule
Set, which provides a standards-based approach for identity authentication
and validation developed by the global financial services community and
accepted in more than 175 countries. The IdenTrust Rule Set delivers an
interoperable framework that enables regulatory compliance for
high-assurance identities which are legally binding and universally
applicable for all forms of electronic transactions.
“IdenTrust is partnering with Aladdin to complement our bank-issued
identity credentials, providing high-quality and robust smartcard
technology that financial institutions and their customers can trust and
rely upon,” said Karen Wendel, Chief Executive Officer at IdenTrust.”
Authentication, Encryption and Digital Signatures
IdenTrust validates the identity associated with the transaction, but not
the data associated with the transaction — preserving the integrity and
confidentiality of transmitted data. Online banking conducted while
authenticated with the Aladdin-IdenTrust solution is encrypted, making data
inaccessible to unauthorized persons as well as eliminating phishing and
man-in-the-middle attacks. Secure digital signatures authorize electronic documents,
emails and transactions to the same level of legal protection as
traditional ink-and-paper signatures.
Compliance
Combining authentication, encryption and digital signing, the
Aladdin-IdenTrust solution assists organizations in complying with a
multitude of regulatory requirements including Sarbanes-Oxley (SOX), HIPAA,
PCI, and FFIEC initiatives for Anti-Money Laundering (AML) and Know Your
Customer (KYC).
“IdenTrust certification of Aladdin eToken is a testament to the strength
of eToken in the global authentication market,” said Phil Pavay, vice
president of global business development at Aladdin Knowledge Systems. “By
partnering with IdenTrust, Aladdin is able to expand the range of eToken
services to incorporate IdenTrust’s globally-recognized Trust Network
certificates for the highest security in online financial transactions.”
About IdenTrust
IdenTrust is a leader in trusted identity solutions recognized by financial
institutions, government agencies and businesses around the world. The only
bank-developed identity authentication system, IdenTrust provides a legally
and technologically interoperable environment for authenticating and using
identities in more than 175 countries. IdenTrust enables end-users to have
a single identity that can be used with any bank, any application, and
across any network. IdenTrust identities are globally interoperable under
uniform private contracts. For more information, visit www.identrust.com.
About Aladdin eToken
Aladdin eToken is the world leader for USB-based authentication solutions.
eToken provides strong user authentication and cost-effective password
management solutions, enabling secure network access, improved data
security through enhanced encryption and digital signing, as well as
compliance with a wide range of regulatory requirements worldwide. Visit
About Aladdin
Aladdin Knowledge Systems’ Software Rights
Management products are the #1 choice of software developers and
publishers to protect intellectual property, increase revenues, and reduce
losses from software piracy. Aladdin eToken is the world’s #1 USB-based
authentication solution. The Aladdin eSafe secure Web gateway
provides the most advanced protection against the latest Web-based threats
and attacks. Aladdin has offices in 12 countries, a worldwide network of
channel partners, and has won numerous awards for innovation. For more
information, visit the Aladdin Web site at www.Aladdin.com.
©2008 Aladdin Knowledge Systems, Ltd. All rights reserved. eToken,
Aladdin Knowledge Systems and the Aladdin logo are trademarks or registered
trademarks of Aladdin Knowledge Systems, Ltd. All other product and brand
names mentioned in this document are trademarks or registered trademarks of
their respective owners.
Press Contact: Matthew Zintel Zintel Public Relations [email protected] 310.574.8888 Investor Relations Contact: |
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