SOURCE: PhoneFactor

PhoneFactor

March 01, 2010 08:00 ET

PhoneFactor Offers Enhanced Security With Out-of-Band SMS Authentication Platform

First Completely Out-of-Band SMS Authentication Method Sends Text to Confirm Identity

OVERLAND PARK, KS--(Marketwire - March 1, 2010) -  PhoneFactor, a leading global provider of multi-factor security services, has expanded its two-factor authentication platform to include support for out-of-band authentication via SMS text messaging -- the first platform of its kind. Leveraging its phone-based authentication platform, PhoneFactor can now verify users by sending a one-time Passcode via an SMS text message, giving users the option to verify identity through a phone call or text message.

With the new SMS-based authentication solution, PhoneFactor sends the user a text message containing a one-time Passcode. The user replies to the message by texting back the one-time Passcode to complete the authentication -- a simple, secure and completely out-of-band process.

PhoneFactor's new offering gives users the flexibility to decide the authentication method that best meets their needs and personal preferences. By adding SMS Authentication to the PhoneFactor platform, users choose either a phone call or text message -- all with the same level of out-of-band security and convenience. In addition, PhoneFactor's SMS Authentication offers:

  • 100% Out-of-Band Authentication -- Instead of placing a voice call to the user, PhoneFactor SMS Authentication sends a one-time Passcode to the user's mobile phone via an SMS text message. The user sends a text message reply that contains the one-time Passcode to authenticate, and because the one-time Passcode is both sent and confirmed through SMS, the process is completely out-of-band.
  • Standard One-Time Passcode Authentication -- Instead of replying to the SMS text message, organizations can allow users to enter the one-time Passcode directly into the login interface. As with a security token, the user must enter a one-time Passcode to verify the possession of a trusted device -- but unlike tokens, PhoneFactor leverages a device the user already has -- their phone.
  • PIN Security -- SMS Authentication users can add an additional layer of protection by requiring users to provide a personal identification number (PIN) in addition to the one-time Passcode to authenticate. Users can be prompted to include their PIN along with the one-time Passcode when replying to the text message or to enter it into the login interface.
  • Support for Transaction Verification -- Details about pending transactions can be provided in the SMS text message that is sent to the user. In the event that a user's authenticated session has been hijacked, the attacker cannot complete a transaction without the user's explicit approval.

"PhoneFactor's new SMS Authentication platform provides not only the security users need, but does so in a convenient and easy-to-use fashion," said Tim Sutton, CEO of PhoneFactor. "By offering a completely out-of-band security solution, PhoneFactor provides users -- whether enterprise companies, banking and financial services organizations or government agencies -- with the peace of mind they need and a solution they can trust."

About PhoneFactor
PhoneFactor is a leading provider of multi-factor authentication services. The company's award-winning platform by the same name uses any phone as a second form of authentication. PhoneFactor's out-of-band architecture and real-time fraud alerts provide strong security for enterprise and consumer applications. It is easy and cost effective to set up and deploy to large numbers of geographically diverse users. PhoneFactor was recently named to the Bank Technology News FutureNow list of the top 10 technology innovators securing the banking industry today and a finalist in 2010 SC Magazine Reader Trust Awards.

Learn more at www.phonefactor.com.

Contact Information

  • Contact
    Brittney Cochran
    Pierpont Communications, Inc.
    (713) 627-2223 x1122
    Email Contact