Free Newsletter
Register for our Free Newsletters
Newsletter
Zones
Access Control
LeftNav
Alarms
LeftNav
Biometrics
LeftNav
Detection
LeftNav
Deutsche Zone (German Zone)
LeftNav
Education, Training and Professional Services
LeftNav
Government Programmes
LeftNav
Guarding, Equipment and Enforcement
LeftNav
Industrial Computing Security
LeftNav
IT Security
LeftNav
Physical Security
LeftNav
Surveillance
LeftNav
View All
Other Carouselweb publications
Carousel Web
Defense File
New Materials
Pro Health Zone
Pro Manufacturing Zone
Pro Security Zone
Web Lec
 
ProSecurityZone Sponsor
 
ProSecurityZone Sponsor
 
ProSecurityZone Sponsor
 
ProSecurityZone Sponsor
 
ProSecurityZone Sponsor
 
ProSecurityZone Sponsor
 
 
News

Internet Banking Security Improvements At Northern English Building Society

ValidSoft : 25 June, 2010  (Application Story)
The Cumberland Building Society has chosen VALid from ValidSoft for the protection of internet banking clients with behavioural analysis and two-factor authentication technology
ValidSoft has announced an agreement with Cumberland Building Society to incorporate ValidSoft's VALid solution technology into a new secure transaction service.

VALid provides two or three factor authentication, with fully configurable Out-of-Band (OOB) behaviour, ranging from simple call acknowledgement all the way through to conversational voice verification. VALid also supports landline phones, mobile phones and PDAs with communication via real-time voice telephony and/or SMS. Because VALid is a zero client-footprint solution there is nothing to provision, download, deploy or support.

According to Gary Richardson, assistant General Manager of Information Technology at Cumberland, 'This move follows a successful two month trial period. Originally offered to 250 Cumberland internet banking customers, feedback following the VALid trial has been positive. Although we've never suffered a security breach at Cumberland, we feel it's vital that we continually develop and improve our security and authentication solutions. Implementation of VALid was smooth and ValidSoft worked very well with the existing provider of our internet banking facility. Prior to deployment of the VALid solution our internet banking portal was accessed using a simple log-in and password. We wanted to ensure that any system we chose would offer the same level of usability to our customers. ValidSoft's VALid solution fulfilled all of our expectations.'

Richardson also commented that Cumberland had evaluated other technology solutions: 'We looked at various solutions, including ones based on tokens and SMS, but we felt that none really competed with VALid in terms of ease of use and, most importantly, security. One of the positive aspects to VALid is that it is able to prevent all the latest malware attacks including 'Man in the Middle' and 'Man in the Browser'. This was something other technology solutions were unable to achieve.'

Patrick Carroll, CEO of ValidSoft, stated: "Cumberland Building Society is clearly at the forefront of innovation in terms of concern about online security and consumer safety. Cumberland Building Society understands the benefits that telecommunications based strong authentication and transaction verification can provide, both for their organisation and their valued customers. The commitment ValidSoft has to innovation, customer security and safety when transacting online, and customer service were ultimately deciding factors for Cumberland.'
Bookmark and Share
 
Home I Editor's Blog I News by Zone I News by Date I News by Category I Special Reports I Directory I Events I Advertise I Submit Your News I About Us I Guides
 
   © 2012 ProSecurityZone.com
Netgains Logo