We found the CRYPTOCard 2FA system to be the most flexible and suited to our purpose
Ferndale, WA (PRWEB) August 26, 2008
CRYPTOCard , a leading developer of two-factor authentication (2FA) technology today announced that Dubai Bank, a member of the Dubai Group, is to use its 2FA products to increase security for its corporate account customers.
"When we updated our website and our online channel platforms last year as part of the process of making Dubai Bank a fully ethical and Shari'a-compliant institution, it became clear that we needed to increase the levels of security we offered our clients to protect both them and ourselves from the risks and threats associated with password and ID theft. We spent much time researching the possibilities and decided to deploy a two-factor authentication solution to our corporate customers as a first step," said Faizal Eledath, Chief Information Officer for Dubai Bank.
"Having made the decision to use 2FA, we conducted an extensive review of all the solutions on the market, looking at the price/performance, product quality and security aspects of the market leaders. In the end the CRYPTOCard solution proved to be the logical choice for us."
The CRYPTOCard solution will be used to secure access to the online services provided to corporate customers of Dubai Bank starting in mid-2008. The solution is expected to be used to secure other online services later in 2008, following the initial roll-out.
"We found the CRYPTOCard 2FA system to be the most flexible and suited to our purpose," continued Eledath. "Rapid integration with our Microsoft-based infrastructure and our existing banking applications, and the ability to scale right up to a million users were also key factors in our decision."
CRYPTOCard's award-winning products are regularly praised for their ease of use, simplicity of integration and outstanding range of security features. The CRYPTO-Shield software and RB-1 tokens together offer the highest levels of security by allowing the bank control the level of passcode security to match the bank's security policy as and when it needs to change to adapt to compliance and regulatory requirements.
"We are really pleased to be working with Dubai Bank to secure access to their on-line banking systems. It is yet another example of how important the Internet is to trading and how 2FA reduces the risks for both the bank and its customers," said Jason Hart, senior VP Europe for CRYPTOCard. "Not only does this relationship increase our footprint in the Middle East, but it once again proves that our flexibility and the quality of our product provide the best solution for banks looking for the highest levels of security and best possible total cost of ownership."
With the best token technology in the industry and the lowest total cost of ownership, CRYPTOCard (http://www.cryptocard.com) offers unsurpassed value in solutions for positively identifying individuals before giving them access to applications, data and networks. Twenty years of technical achievements have won CRYPTOCard the trust of thousands of organizations in over seventy countries. CRYPTOCard's solutions reduce the risks associated with remote access and web-based processes, and increase compliance, at a price all businesses can afford. The only company to offer authentication in server-based, managed service and build-it-yourself options, CRYPTOCard provides the most flexible solutions on the market.
About Dubai Bank
Dubai Bank, a member of the Dubai Group, is an ethical and Shari'a-comliant bank in the UAE. Since its launch in September 2002, Dubai Bank has challenged traditional banking practices by placing service, transparency and convenience at the forefront of its operations and introducing unique products and services to the market. By bringing a breath of fresh air to the UAE's financial sector, Dubai Bank has firmly positioned itself as a catalyst for change. On January 1, 2007, the Bank became a Shari'a-compliant financial institution, with a comprehensive range of Shari'a-compliant retail and investment banking products. In addition, all of the Bank's business activities are being carried out in a manner that ensures compliance with the standards of ethical banking that are currently followed by a number of banks around the globe.
For further information contact:
Marcus Warner/Charlotte Sandy
+44 (0) 1291 626200
cryptocard @ cohesive.uk.com
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