29 January 2008:
Trojan .Silentbanker is a sophisticated new Trojan that has the ability to steal confidential financial information by defeating two-factor authentication measures. The Trojan can perform man-in-the-middle attacks and intercept transactions without the user knowing.
Fronde Anywhere’s award winning multi-factor authentication solution, TwoSecure™, can be configured to support incremental levels of security, and can protect users from Trojans such as these by a unique security feature known as Transaction Signing.
TwoSecure™ is a simple, user-friendly solution which generates one time passwords (OTPs) by using an installed and downloaded application that runs on a mobile device.
Transaction signing adds an additional layer of security to a transaction, and prohibits any third party to hijack a transaction, as the OTP used by the customer is useless for any other transaction other than the one intended to do.
Using the TwoSecure™ product gives Internet banking customers confidence that no third party can impersonate them and provides Banks with protection against non-repudiation for online transactions.
For more information about the TwoSecure™ product please contact us.