Reshaping Approaches to FFIEC Authentication

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<p><strong>Jersey City, N.J. &mdash; 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>&nbsp;Inexpensive</li><li>Technologically simple </li><li>Doesn&#39;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>&quot;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,&quot; said Melih Abdulhayoglu, Comodo CEO and chief security architect. &quot;As customers begin to deploy authentication solutions, customers and service providers are taking a new look at Comodo&#39;s PKI approach. Comodo TF, as a second generation solution, presents measurable advantages with an increased ROI over existing approaches.&quot;</p>

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