Two Factor Authentication (Bank)


 

In today’s day and age the internet has become a highly threatening playground for users with cyber criminals (Hackers) trying to find every possible way to comprise people’s identity and conduct financial fraud. Financial frauds have assumed multiple forms like stealing of debit and credit card data, identity thefts, phishing etc.

Financial Fraud has many faces and it has become easy for cyber criminal to capture username and passwords of other individuals using techniques like Sniffing, installing Key Logger, Phishing attacks etc. Infoserve India’s MFID solution ensures a two factor authentication for verifying users’ credentials.

 

 

Features : 

 

1.  Removes the vulnerability of Static Passwords 

2.  Works on two premises

  • Something you have
  • Something you know

3.  One time password generation using an unbreakable randomized algorithm 

4.  Automated Security alerts about

  • IP address of user system 
  • Time stamp 
  • Login pattern of the user 

 

5.  Optional integration available in the system for advanced Risk based Transaction Algorithm which includes

  • Predictive Modeling based Algorithm (Heuristics) 
  • Behavioral pattern of the user based on his previous 50 transaction etc.

 

 

Advantages :

  1. OS Independent Authentication Mechanism
  2. Seamless Integration with the current business and security architecture
  3. Increases the log on security for critical applications
  4. Works as a single application or in connection with Microsoft AD, Radius, firewall, VPN, Wi-Fi, Terminal services etc
  5. Logs are maintained to fix responsibility in case of an unlawful event