As a leading security vendor to the financial sector, Cryptomathic have extensive experience of developing and delivering solutions for two-factor authentication and signatures. This white paper aims to share that experience, providing an up-to-date overview of internet banking threats and the range of authentication technologies available to counter them, explaining the key advantages and disadvantages of each. We go on to explain how the business case for deploying two-factor authentication and signatures extends beyond a simple “fraud minus costs” calculation to include a wide range of other factors. Our aim is to ensure strategic decision makers fully understand the range of opportunities for business development and cost reduction offered by two-factor authentication, and thereby enable a more positive, realistic business case. Finally we present our vision of a secure, scalable, flexible and token-vendor independent authentication infrastructure, supporting a comprehensive range of authentication methods. This approach enables banks to offer the optimal user experience across a range of applications and channels, while reducing development and deployment costs and avoiding token-vendor lock-in. Cryptomathic’s existing product portfolio delivers this vision and has been proven in large-scale deployments with major international financial institutions. Working with Cryptomathic offers financial institutions access to the expertise, practical experience and technology necessary to successfully deploy two-factor authentication to their customer base
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