{"id":4123,"date":"2015-11-23T10:43:53","date_gmt":"2015-11-23T10:43:53","guid":{"rendered":"http:\/\/www.intelligentcio.com\/me\/?p=4123"},"modified":"2015-11-23T10:43:53","modified_gmt":"2015-11-23T10:43:53","slug":"hid-enhances-its-activid-authentication-offering-for-digital-banking","status":"publish","type":"post","link":"https:\/\/www.intelligentcio.com\/me\/2015\/11\/23\/hid-enhances-its-activid-authentication-offering-for-digital-banking\/","title":{"rendered":"HID enhances its ActivID authentication for digital banking"},"content":{"rendered":"

HID Global<\/a>, the provider of\u00a0secure identity solutions, has enhanced its ActivID authentication offering for digital banking with a push notification solution that gives financial institutions a secure channel and easy method for notifying customers about pending transactions on their phones or tablets, and then proceeding with execution after receiving their authorisation.<\/p>\n

\u201cCustomers are finding it increasingly difficult to differentiate between legitimate websites, emails, and phone calls originating from their own bank versus those created by fraudsters, making it more difficult for them to spot fraudulent transactions,\u201d said Tim Phipps, vice president of product marketing, Identity Assurance with HID Global. \u201cWith our ActivID Trusted Transactions solution, banks can offer far more convenient out-of-band transaction notification and authorisation on mobile devices, which provides customers real-time alerts prior to a suspicious transaction being applied to their account. This places the control back in the customer\u2019s hands by providing them with simple way to confirm the legitimacy of a pending transaction.\u201d<\/p>\n

Financial institutions using mobile banking channels have typically relied on simple passwords or out-of-band transaction verification based on one time passwords (OTP) tokens sent via SMS to customers\u2019 mobile devices. Cyber criminals \u00a0have attacked the end-user\u2019s web browser or this insecure OTP authentication method with SMS malware to take over accounts and make unauthorised transactions, such as large money transfers.\u00a0 These attacks use a variety of phishing, vishing, SMS malware, man-in-the-middle and man-in-the-browser techniques and have eroded consumer confidence in digital banking.<\/p>\n

To solve this problem, HID Global\u2019s \u201cphone as a token\u201d out-of-band verification solution uses transaction signing with private key cryptography over a trusted and secure electronic channel. All communication is encrypted with mutual authentication between the user\u2019s mobile device and the financial institution\u2019s online banking application.\u00a0 Transaction non-repudiation is ensured by generating the private key outside the financial institution\u2019s backend system and then protecting it to prevent extraction, cloning or access from another application.<\/p>\n

When a transaction is initiated, the ActivID Authentication Server uses its Mobile Push capability to send an authorisation notification to the user\u2019s registered mobile device with all relevant information and a request to accept or reject it using the server\u2019s ActivID Mobile Signing Software Developer Kit (SDK).\u00a0 Signed responses are returned to the server, which validates and forwards them to the online banking system to grant or deny transactions.<\/p>\n

“Trust, total cost of ownership (TCO) and user experience (UX) vary among individual phone-as-a-token methods. Out-of-band (OOB) authentication using push modes offers the best balance of trust and UX, making it the best choice across many use cases,” said Ant Allan, analyst with Gartner.<\/p>\n

Availability<\/strong>
\nHID Global\u2019s ActivID Trusted Transactions with Mobile Push capability is available now with the company\u2019s latest ActivID Authentication Server v7.3 release. \t<\/p>\n","protected":false},"excerpt":{"rendered":"

HID Global, the provider of\u00a0secure identity solutions, has enhanced its ActivID authentication offering for digital banking with a push notification solution that gives financial institutions a secure channel and easy method for notifying customers about pending transactions on their phones or tablets, and then proceeding with execution after receiving their authorisation. \u201cCustomers are finding it […]<\/p>\n","protected":false},"author":20,"featured_media":4137,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[5,809],"tags":[98,1038,399,10],"class_list":["post-4123","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-enterprise-security","category-more-news","tag-cyber-criminals","tag-digital-banking","tag-hid-global","tag-security-2"],"acf":[],"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/posts\/4123","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/users\/20"}],"replies":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/comments?post=4123"}],"version-history":[{"count":0,"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/posts\/4123\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/media\/4137"}],"wp:attachment":[{"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/media?parent=4123"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/categories?post=4123"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/tags?post=4123"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}