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Keystroke analysis security at Banco Pichincha
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Authenware
: 04 February, 2010 (Application Story) |
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Ecuador bank takes keystroke dynamic software from Authenware for use with home banking subscribers to improve security for online transactions |
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Authenware, a provider of keystroke dynamic software, has announced a new contract with Ecuador's most prominent financial institution: Banco Pichincha. The agreement, which includes 400,000 portal licenses for the organization's home banking application, underscores the rising security concern of online transactions.
"In the IT world, security vulnerabilities are exposed and exploited in the gap between realization and implementation," said Tom Helou, president of Authenware. "The unauthorized use of financial services' networks continually impedes upon the integration of new technologies and the launch of truly secure online services. Authenware is excited to begin our relationship with Banco Pichincha, deploying a critical instrument in the development of a secure online banking experience."
Under the agreement, the Ecuadorian financial services leader will protect username / password text fields with Authentest - Authenware's flagship product. As such, when users seek access to their home banking application, the software will not only monitor the correct sequence of letters, numbers and symbols (ie, password), but also the rhythm and cadence of the typist, thereby making the password and user an inseparable entity. Tata Consultancy Services (TCS) and Dynamize - an Authenware partner - will be in charge of the integration and deployment of this product into Banco Pichincha's system.
"We have two objectives when it comes to online banking: convenience and security," said Fernando Pozo Banco Pichincha's President. "All too often, these elements seem to work in friction with one another, hampering the execution of new services for our customers. As such, we are excited to integrate Authenware into our security portfolio. Their unique measurement of online behaviour and keystroke patterns fortifies security while maintaining a user-friendly portal."
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