IronKey Introduces Trusted Access Platform and Downloadable Secure Browser to Reduce Online Banking Risk
IronKey this week introduced a new platform along with a secure browser application, that when used in combination, can protect online banking users from being victimized—even when their systems are infected with some of the nastiest financial malware in existence.
The IronKey “Trusted Access Platform” is something that the Sunnyvale, California-based company says will help financial institutions reduce the risk of online fraud and simplify compliance with FFIEC guidance.
The platform changes the focus from single-point security controls to an integrated, multi-layer approach that strengthens online security for banks and their customers. With the introduction of the downloadable, secure browser application, IronKey brings an access form factor that includes key logging protection, read-only operation and access to the encrypted and secure IronKey Trusted Network. IronKey’s Trusted Access platform helps combat attacks on bank customers that utilize financial malware such as ZeuS, SpyEye, Sunspot, and OddJob, as well other emerging threats, by not relying on potentially compromised and vulnerable applications on the user’s computer.
The company also said that it plans to extend the Trusted Access Platform with additional security controls including out-of-band authentication, smartphone applications and analytics.
“A layered fraud prevention approach provides defense in depth, and it is the best policy for preventing and containing losses that result from today’s and tomorrow’s threats,” said Avivah Litan, vice president and distinguished analyst with Gartner Research. “Banks can start by deploying lower levels of the layered stack to help stave off immediate threats.”
With the Trusted Access Platform, banks can start with secure browsing to reduce the risk of online account takeovers where criminal attacks take place — on the bank customers’ computers — and add additional layers of security as needed.
“With the Trusted Access Platform, banks can immediately secure their brands and customers from the damaging impact of account takeovers and litigation costing millions of dollars a year. And as banks address FFIEC compliance requirements for multiple layers of security, an institution’s return on investment continues to grow,” said Arthur Wong, CEO of IronKey.
More information on the Trusted Access Platform is available here.