Reshaping Approaches to FFIEC Authentication
<p><strong>Jersey City, N.J. — May 2</strong><br />Comodo, a global certification authority and provider of identity and trust assurance management solutions, has announced that Comodo TF continues to receive widespread adoption by financial institutions as a disruptive technology solution changing the future of the authentication industry. </p><p>Comodo meets the criteria presented in the three-point Christensen Disruptive Technology test:</p><ol><li> Inexpensive</li><li>Technologically simple </li><li>Doesn't require replacement of existing systems </li></ol><p>This public key infrastructure (PKI)-based authentication solution provides groundbreaking improvements to solve the FFIEC-preferred two-factor solution easily for financial institutions without costly deployment or customer adoption challenges.<br /><br />The challenge for many midsized institutions is to deploy a compliant and secure yet customer-friendly authentication solution that can accommodate a wide variety of networking architectures from back-office infrastructure to web-hosting service providers. </p><p>The solutions that service providers typically offer their customers relied on first generation technologies which could be unreliable (e.g. cookies), difficult for customers to use (e.g., matrix cards) and/ or expensive to deploy (e.g., tokens). </p><p>Therefore, as institutions understand the value of a seamless digital certificate solution, many financial institutions and service providers are adopting Comodo TF to take advantage of the security and configurability of a PKI solution.<br /><br />Comodo TF adoption is being driven by its user-friendly interface, ease of deployment, ease of customer adoption and inexpensive cost model. </p><p>This presents a significant improvement in authentication performance substantially altering the competitive landscape. </p><p>"Working with our partners in the financial sectors, Comodo has been creating a new level of performance and ease of deployment in authentication that is unmatched by more traditional solutions," said Melih Abdulhayoglu, Comodo CEO and chief security architect. "As customers begin to deploy authentication solutions, customers and service providers are taking a new look at Comodo's PKI approach. Comodo TF, as a second generation solution, presents measurable advantages with an increased ROI over existing approaches."</p>
