PhoneFactor Announces Token Replacement Program to Migrate from RSA SecurID Platform

PhoneFactor (News - Alert), a provider of phone-based multi-factor authentication, announced the launch of a program that can help organizations using SecurID token products which were affected by the recent breach at RSA (News - Alert).

The Token Replacement Program from PhoneFactor will provide credits of up to $5 per token besides providing special assistance for companies migrating to PhoneFactor’s phone-based two-factor platform. This program will continue until June 30, 2011, said company officials.

In a release Tim Sutton, PhoneFactor CEO and co-founder stated, “PhoneFactor has already begun working with organizations that are looking to quickly move off of the RSA SecurID platform.”

PhoneFactor’s phone-based platform enables rapid implementation and deployment. In the case of banks, PhoneFactor’s Universal Banking Gateway (News - Alert) can be used to deploy the service in a matter of weeks.

“For enterprise, healthcare, and government organizations, PhoneFactor offers off-the-shelf support for a wide range of applications and automated enrollment tools to expedite deployment to their employees. There are no security tokens to ship to end users and no software for them to install; the service works instantly with the user’s existing phone,” Sutton added.

Company sources said that companies have started migrating to two-factor authentication from security tokens after the recent RSA breach. The breach further emphasizes the quick need to shift from security tokens to phone-based authentication, which offers stronger protection and caters to the demands of users and applications.

“Organizations have been steadily migrating to phone-based authentication over the last few years, but the RSA breach has certainly created a heightened sense of urgency for many. Organizations are no longer comfortable waiting out their token contract before making a change,” Sutton emphasized.

PhoneFactor’s multi-factor authentication platform uses any phone as a second form of authentication. The company’s out-of-band architecture and real-time fraud alerts provide strong security for healthcare, enterprise, banking, and Web site applications. The solution is easy and cost effective to be deployed to large numbers of geographically diverse users.

Recently PhoneFactor announced that its multi-factor authentication service has been integrated with Microsoft (News - Alert) HealthVault, an online service designed to put consumers in control of their personal health information.