TriCipher Press Releases
TriCipher Named a Top Security Technology Innovator by Bank Technology News
FutureNow List Highlights Authentication Affordability and Flexibility to Combat Next-Generation Attacks
LOS GATOS, Calif. (April 7, 2008) — Bank Technology News, a leading financial services monthly magazine, named TriCipher to its prestigious annual FutureNow List. TriCipher was the only authentication company to be named to the annual security innovation ranking.
The company won on the strength of its new ID Tool ToGo, which "prevents man in the middle, man in the browser attacks, cheaper and more secure than OTPs," according to the magazine.
Bank Technology News' FutureNow List recognizes "10 companies that set themselves apart with security innovations they brought to market in the past year and the contribution these products will make to improving security within financial services organizations." The recognition highlights the need for strong and flexible authentication technology that can scale quickly and easily prevent emerging financial services security threats like man in the middle (MITM) and man in the browser (MITB) attacks.
The magazine credits TriCipher CEO John De Santis with "[crystallizing] the state of the authentication market perfectly" by predicting, "Every six months we're going to hear about a new authentication method. There's going to be continual churn in the methods people propose, so you better put an infrastructure in place that can handle a lot of methods."
As new threats arise and the government raises the bar on authentication requirements, the highly flexible TriCipher Armored Credential System (TACS) enables companies to quickly strengthen authentication methods using:
- Multi-part credentials with patented split-key technology, making credential theft virtually impossible.
- Public key infrastructure (PKI) technology built directly into Web browsers to offer secure user authentication, transaction authentication, and digital signing.
- Portable, multi-use two-factor devices, including USB smart drives, iPods®.
"Identity theft, phishing and account compromises are enormous burdens for banks and their customers – and the problem is getting worse," said De Santis. "TriCipher is driving the next wave of security best practices by protecting the user experience with minimal disruptions. We’re grateful that Bank Technology News has selected our technology as the most innovative in authentication in the last year."
TriCipher "Forays Into The Single Sign On Market" with myOneLogin
Bank Technology News also highlights TriCipher's new strong authentication single sign-on solution as a key driver in the coming year: "Look for 2008 to be another big one for TriCipher as it forays into the single sign on market, promising to integrate more than 100 applications like WebEx, Salesforce.com and others behind their myOneLogin portal." myOneLogin delivers secure, on-demand convenience and the ability to seamlessly integrate hundreds of software as a service (SaaS) applications. The technology already supports more than 50 Web-based applications, including salesforce.com, WebEx, Google Apps, Outlook Web Access, LinkedIn, PayPal, Hoovers, Quicken, MySpace, and YouTube – with new applications added daily.
Bank Technology News' FutureNow List is available at:
http://www.banktechnews.com.
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About TriCipher
TriCipher, Inc. provides a unified authentication infrastructure to protect web and enterprise portals, the people that use them and the business process that flows through them against fraud and identity theft. The TriCipher Armored Credential System™ (TACS) is the first authentication system that enables companies to deploy and manage multiple types of credentials from a single infrastructure. Through this flexible "Authentication Ladder," TriCipher protects customer investment by adjusting authentication strength to defeat new threats and to meet regulatory changes without the need to implement a new infrastructure. Founded in 2000, TriCipher is headquartered in Los Gatos, Calif. The company is funded by ArrowPath Venture Capital, Intel Capital, RBC Technology Ventures, Trident Capital, and Wasatch Venture Fund. For more information, visit TriCipher on the web at www.tricipher.com.
All product and company names herein may be trademarks of their registered owners.
Media Contacts:
Dan Brennan
Mike Italiano
Corporate Ink
617.969.9192
dbrennan@corporateink.com
mitaliano@corporateink.com
