SOURCE: Strikeforce Technologies, Inc.

StrikeForce Technologies, Inc.

July 06, 2011 08:48 ET

New FFIEC Guidelines Validate StrikeForce Technologies Solution Approach

'Out-of-Band' Authentication and Anti-Keylogging Recommendations Align With StrikeForce's Proven Products

EDISON, NJ--(Marketwire - Jul 6, 2011) - 'Out-of-Band' authentication and anti-keylogging measures are central elements in the updated FFIEC Guidelines governing "Authentication in an Internet Banking Environment," demonstrating that StrikeForce Technologies' (PINKSHEETS: SFOR) (OTCQB: SFOR) ProtectID® and GuardedID® products set the new standard for protection in the cyber war.

The new FFIEC guidelines call for a "system of layered security" that offers "multi-factor authentication to business customers" and leverages "Out-of-Band verification for transactions." StrikeForce Technologies' ProtectID 'Out-of-Band' authentication software product and GuardedID anti-malware software product provide multiple layers of security through 'Out-of-Band' authentication that leverages multiple communications paths and devices, and keystroke encryption which renders keylogging malware ineffective without relying on signature-based identification of any kind.

FFIEC now emphasizes the increased role that keylogging malware is playing in stealing user credentials in order to defeat existing authentication solutions. The agency identifies that existing anti-malware solutions, generally part of anti-virus solutions, are ineffective because "anti-malware is signature based, and some advanced versions of malware continuously alter their signature." FFIEC also recommends 'Out-of-Band' authentication using multiple devices because "'Out-of-Band' authentication directed to or input through the same device that initiates the transaction may not be effective since that device may have been compromised" by keylogging malware.

"The FFIEC's security update validates that our solution approach is the path forward not only for the banking industry, but for any organization that must protect users, sensitive data, and intellectual property from cyber attack," says Mark Kay, CEO, for StrikeForce Technologies.

StrikeForce's ProtectID solution represents the latest in protection for authenticating website access for consumers, providing transaction verification for high risk transactions and money movement, and for authenticating remote access for employees and partners. StrikeForce's GuardedID is a powerful anti-malware solution that prevents data loss and credential theft through white list creation and encrypting website and remote VPN access, as examples.

About StrikeForce
StrikeForce Technologies helps to prevent online identity theft and data security breaches for consumers, corporations, and government agencies. It provides powerful two-factor, 'Out-of-Band' authentication and keystroke encryption solutions. StrikeForce Technologies, Inc. (PINKSHEETS: SFOR) (OTCQB: SFOR) is headquartered in Edison, N.J., and can be reached at www.strikeforcetech.com or by phone at (732) 661-9641 or toll-free at (866) 787-4542.

Safe Harbor Statement:
Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the sales of the company's identity protection software products into various channels and market sectors, the issuance of the Company's pending patent application, and the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company.

Contact Information

  • StrikeForce Technologies' Contact
    Bryan Crane
    BlueWater Advisory Group, LLC
    805-294-3723
    Bcrane@BWAdvisory.com