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News

Hosted two factor authentication for financial services industry

CryptoCard : 23 April, 2008  (New Product)
Partnership enables hosting of strong, two factor authentication services for the data-sensitive financial services market.
The Bunker Secure Hosting, providers of Ultra Secure Data Centres and Managed Services announces its partnership with CryptoCard to provide a leading UK financial institution with the ultimate in two-factor authentication ((2FA)) security.

Boasting the best token technology in the industry, CryptoCard is the only company to offer (2FA) as a managed service and, by working in partnership with The Bunker, it is able to provide additional options that make the service more attractive to financial services institutions.

Paul Lightfoot, director of Managed Services at The Bunker comments, "I am delighted that The Bunker is working in partnership with CryptoCard, together we can deliver the ultimate in two-factor authentication security. Combine this with The Bunker's strict security protocol and you have market leading solutions that deliver."

Both The Bunker and CryptoCard will be attending this year's Infosecurity Europe where The Bunker plans to showcase The Bunker Security Protocol and promote its ISO 27001 accreditation. Jason Hart, senior VP Europe at CryptoCard, comments; "Compliance and auditability are essential elements for today's financial services community. Our joint belief is that delivery against the industry standard practices of Confidentiality, Integrity, Availability and Auditability (CIAA) are essential for an industry where PCI and Sarbanes Oxley keep organisations under constant scrutiny. The development of an ultra secure service for the financial services industry takes risk reduction, resilience and standards based delivery to a new level. CryptoCard is pleased to be working with The Bunker in the development of such an innovative service."

The announcement of the relationship coincides with CryptoCard's launch of its service provider partner program, which provides a structured approach to helping channels increase their share of the rapidly growing revenues from managed security services. With no upfront investment and immediate service availability, CryptoCard's Crypto-MAS managed authentication service is a unique market development opportunity for service providers and their clients. "Not only is CryptoCard providing us with a unique service," continued Lightfoot, "but it is also helping us develop the market - something we wish other vendors were more proactive in doing."
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