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TMCNet:  White Paper, Expert Available: Keeping Banking Customers' Accounts in the Right Hands

[March 31, 2014]

White Paper, Expert Available: Keeping Banking Customers' Accounts in the Right Hands

--(Business Wire)--

Entersekt



What:

As a result of the increasingly popularity of digital banking channels among today's businesses and consumers, protecting customer accounts has become a top priority for financial institutions across the world. While mobile and online platforms may provide users with a more efficient and convenient banking service, these offerings are accompanied by increased security risks as fraudsters leverage the very same technology to enhance the frequency and sophistication of their attacks. In addition, the global nature of today's financial landscape has led many institutions to offer international banking services, which further complicates their ability to effectively maintain necessary security parameters and ensure compliance across national borders.
To successfully marry the need for improved fraud protection with the demand for online and mobile banking offerings, the Monetary Authority of Singapore has voiced the need for corporate banking customers to review individual transactions as part of a batch and sign them on an out-of-band device. As other countries begin to implement similar requirements, many globally active institutions are changing the way they deploy their business banking capabilities and turning to transaction signing as a powerful, advanced means of boosting security. In an effort to provide financial institutions with the knowledge and tools to combat today's sophisticated fraudsters, Entersekt has published a new white paper detailing "The Importance of Transaction Signing to Banks."

Who:

Christiaan Brand, co-founder and chief technology officer of Entersekt, is available to provide his expert commentary on how banks can successfully prevent financial losses from account takeover and cyber attacks by implementing new transaction signing standards. Brand can also provide deeper insight into the key points highlighted in Entersekt's latest white paper, such as:
-- Technology's impact on fraud and security within the financial industry;
-- The impact of existing international standards on U.S. institutions; and
-- Best practices for complying with new regulations to strengthen account security.

Paper:

To download the full report on transaction signing, please visit

http://info.entersekt.com/the-importance-of-transaction-signing-to-banks.

Contact:

To schedule an interview with Entersekt or request a byline contribution on the authentication provider's unique approach to bank security, contact:
David Jones, 678.781.7238 or
Stephen Sprayberry, 678.781.7207.

About Entersekt

Entersekt is an innovative pioneer in transaction authentication. The company's one-of-a-kind approach combines the power of electronic certificate technology (PKI) with the convenience of mobile phones and encrypted cloud messaging to provide financial institutions and their customers with full protection from online banking fraud. With its patented security products authenticating millions of transactions globally, none of Entersekt's clients have experienced a successful phishing attack on their systems since implementing the company's technology. Financial institutions worldwide look to Entersekt to strengthen the all-important bond of trust they share with their customers, and to build on those relationships by introducing increasingly innovative mobile and online banking services. For more information on Entersekt, visit www.entersekt.com.


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