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News

Online fraud protection landmark at Swedish finance security company

Todos Data System AB : 12 November, 2009  (Company News)
Todos has delivered the 20 millionth eBanking security product protecting online financial transaction users worldwide
Thanks to continued rapid growth in 2009, Todos has passed a significant milestone. In September 2009, it delivered its 20 millionth eBanking security product.

In a world where identity theft, spyware, phishing and man-in-the-middle attacks threaten consumer confidence in online banking, Todos is busy strengthening the bonds of trust between banks and their customers. Millions of people around the world feel safer online thanks to Todos.

The company's success allows it to invest in innovative products, such as the Todos C400 and C200 advanced smart card readers. Todos has already shipped 6m of these sophisticated devices while other vendors struggle to bring similar products to market.

Todos's advanced smartcard readers fully eliminate the danger of man-in-the-middle and man-in-the-browser attacks, sidestepping the dangers highlighted by Ross Anderson earlier this year in his Cambridge University report 'Optimised to Fail'.

The smartcard readers provide enhanced transaction authentication without having to connect to the user's PC. They are user-friendly and bank-friendly at the same time.

Two security features enhance trust, confidence and usability. Todos's unique Dynamic Signatures allows banks to adjust the level of security in proportion to the level of risk involved in each transaction. It is the only technology that enables Sign-What-You-See in both connected and unconnected mode. Secure Domain Separation prevents cross-channel attacks by keeping eCommerce, eBanking authentication, logon and transactions separate.

'This is a real milestone for Todos,' says Ove Wedsjö, the company's CEO. 'When it comes to eBanking and eCommerce security, it shows that Todos is setting the pace in business, technology and trust.'
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