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Comodo Delivers True Two Factor Online Banking Authentication That is Easy and Convenient for Users Regardless of Where They Login From - Private or Public Computers

Comodo TwoFactor (TF) now delivers a combination of Client certificates for authenticated user access from private computers and one-time passwords via phone/ SMS/ email for authenticated access from public PCs.

Jersey City, NJ (August 15, 2007) - In its drive to make user authentication both stronger and easier to use for online banking customers, Comodo, a global Certification Authority and leader in Identity and Trust Assurance Management solutions, today announced a series of product enhancements to Comodo's TwoFactor (TF) solution.

The enhancements announced extend Comodo's proven Client certificate-based solution for two-factor authentication beyond home computers into the realm of public computers such as those used by online banking customers while traveling. Through the introduction of one-time passwords designed for use at public computers, Comodo TF is now as effective as token solutions for user authentication at remote locations but do not include the high cost or challenging customer deployment typically associated with these types of solutions.

These one-time passwords can be delivered through a variety of customer-selected options such as SMS messaging, email or telephone. The key benefit to end users is "anywhere, anytime" access to online banking accounts allowing optimum flexibility.

"Really useful technologies serve their intended purpose without inconveniencing their users. Striking the right balance between security and an acceptable user experience has been a challenge for many financial institutions providing authentication services - until now," said Igor Seletskiy, Director of Technology at Comodo. "Strong authentication from public computers must be easy but cannot sacrifice security. With the new enhancements to Comodo TF, we achieve true two-factor authentication anytime, anywhere in a way that is easy and intuitive for all online banking customers."

Comodo's solution surpasses other cookie-based user authentication approaches because these approaches do not to create a true two-factor authentication process when the user is logging in from a remote computer. Typically, these cookie-based solutions must revert to a weaker, multi-layered, one-factor approach to deliver user authentication at public computers. Comodo has invested in technologies that enable seamless true two-factor authentication for consumers. Key features of this new release include

  • Generation and acceptance of one time passwords when the customer is at a remote location
  • A choice of delivery vehicles of the one-time password that the user selects, including SMS/ phone or email delivery.
  • Enhanced administrative tools to facilitate easy introduction and maintenance of these new capabilities

For more information, please visit; www.comodo.com/banking

About Comodo

The Comodo companies provide the infrastructure that is essential in enabling e-merchants, other Internet-connected companies, software companies, and individual consumers to interact and conduct business via the Internet safely and securely. The Comodo companies offer PKI SSL, Code Signing, Content Verification and E-Mail Certificates; award winning PC security software;  vulnerability scanning services for PCI Compliance; secure e-mail and fax services.   

Continual innovation, a core competence in PKI, and a commitment to reversing the growth of Internet-crime distinguish the Comodo companies as vital players in the Internet's ongoing development. Comodo secures and authenticates online transactions and communications for over 200,000 business customers and 3,000,000 users of our PC security software.

For more information, media representatives should contact
Judy Shapiro
Comodo
(201) 963-9471
Email: judy.shapiro@comodo.com

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