(PRWEB) March 11, 2006
During online financial transactions, your important personal information, such as your ID and Passwords, can be stolen and abused. For example, there was a major online bank hacking incident in 2005, and we recently saw a massive personal identity theft incident on the Lineage website. All these incidents heightened awareness of security issues, not just for the businesses involved with those websites, but also for their users.
With the new Electronic Financial Transactions Law expected to become effective as of January 2007, many major commercial banks are trying to build an infra-structure for online banking, which is emerging as the strategic tool to create profits, thereby attracting interest from security related corporations. To allow such institutions to provide safe and secure services, NITGEN (CEO: Young-hoon Bae, http://www.NITGEN.com) has developed the fingerprint authentication server system, eNFAS (NITGEN fingerprint authentication system), and is actively promoting the product in the financial security market.
eNFAS was developed by NITGEN as a system to make safe transactions available by utilizing the users’ fingerprint data to gain access, instead of the current password or IC card system. Personal identification is the most important data people need to use websites for online banking, stock trading, e-commerce, and various entertainments. The major features of eNFAS are that the system can support various authentication environments (WEB, C/S), and that continuous service is guaranteed through the dual safe system. Because it is capable of supporting different kinds of multi devices, eNFAS is built to easily accommodate various demands from customers.
The fingerprint authentication system eNFAS operates by saving the user’s bio data, and then carrying on the user authentication task by utilizing the saved data, before transmitting the result to the client. Unlike conventional fingerprint authentication systems, eNFAS has been built with the Middleware concept, so that it can easily interlock with current Legacy systems. In addition, eNFAS can store the client’s important information securely, and guarantee convenient and secure Internet activities.
In order to protect personal information, many websites are using a password system, which has to be constantly changed to guarantee security. However, eNFAS has solved that problem by making convenient online transactions available by the one-time use of fingerprint authentication.
Mr. Young-hoon Bae, the CEO of NITGEN, stated “in order to get the best out of the Internet in this communication era, we have to build an infra structure that can guarantee the security of personal information first”. He also said, “Until now, the biometrics market has been mostly developed for the offline market, such as entry control systems and door locks. But with the concerns over online security and the release of our fingerprint authentication system eNFAS, the online biometrics market is expected to grow beyond the offline market starting in 2006.”
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