24.10.2007 12:01:00
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As part of its ongoing efforts to thwart identity theft and ensure
clients have the best tools to defend against online fraud attacks, Open
Solutions Inc. is now a distributor for the Entrust, Inc. [NASDAQ:
ENTU] versatile authentication platform,
Entrust IdentityGuard, a component of a strong layered security strategy.
As a trusted and leading provider of financial service technology, Open
Solutions will leverage the Entrust IdentityGuard versatile
authentication platform — specifically the
solution’s grid card authenticator —
to offer its clients identity theft and fraud protection. To date, Open
Solutions has deployed the grid card to more than 170,000 users and more
than 70 financial institutions leverage the Entrust IdentityGuard
platform for strong authentication.
"As financial institutions continue to be
targeted by online fraud attacks, consumers now expect financial
services providers to deploy stronger security measures to protect their
information and identities online,” said Mike
Nicastro, SVP and chief marketing officer, Open Solutions. "The
Entrust IdentityGuard grid-based authentication solution affords
financial institutions the ability to offer a low-cost option that has
increased usability, high user acceptance and fast deployment.”
With eight million licenses sold, Entrust IdentityGuard is an open,
versatile authentication platform that provides one of the widest ranges
of authentication capabilities on the market today. The solution enables
enterprises to layer security across diverse users, transactions and
applications — all according to risk
assessment. It is a common-sense approach to strong authentication that
allows organizations to apply the right level of strong authentication
tailored to the assessed risk for the access or transaction that the
user is performing. An organization can layer open versatile
authentication methods — including physical
authentication and mutual authentication —
across different users and transaction types. Additional Entrust
IdentityGuard authentication options include one-time-password tokens,
IP-geolocation, questions and answers, out-of-band, one-time passcodes
and mutual authentication.
"This agreement provides Open Solutions’
clients with the Entrust IdentityGuard versatile authentication platform
and serves as an invaluable channel for us to help organizations with
key solutions that support a layered security strategy,”
said Entrust Chairman, President and Chief Executive Officer Bill
Conner. "As a result of Open Solutions’
leadership position in the banking and credit union marketplace, this
relationship will help us further serve this segment of the industry.”
With grid authentication, an additional factor is deployed to the user
based on an assortment of characters in a row/column format printed on a
card. This innovative authentication method has been recognized by a
patent awarded by the U.S. Patent and Trade Office.
Using grid authentication, the susceptibility to phishing,
man-in-the-middle or malware attacks can be substantially reduced. Even
if the user is subject to repeated attacks, the large number of
potential challenges and responses for any given user can help
significantly reduce the effectiveness of these attacks. Attacks that
record several logins will only be exposed to a small portion of the
authentication grid.
About Entrust
Entrust [NASDAQ: ENTU]
secures digital identities and information for consumers, enterprises
and governments in 1,650 organizations spanning 60 countries. Leveraging
a layered security approach to address growing risks, Entrust solutions
help secure the most common digital identity and information protection
pain points in an organization. These include SSL, authentication, fraud
detection, shared data protection and e-mail security. For information,
call 888-690-2424, e-mail entrust@entrust.com
or visit www.entrust.com.
Entrust is a registered trademark of Entrust, Inc., in the United
States and certain other countries. In Canada, Entrust is a registered
trademark of Entrust Limited. All Entrust product names are trademarks
or registered trademarks of Entrust, Inc. or Entrust Limited. All other
company and product names are trademarks or registered trademarks of
their respective owners. About Open Solutions
Open Solutions Inc. offers a fully featured strategic information
management product platform that integrates core data processing
applications built on a single centralized Oracle relational database,
with Internet banking, cash management, CRM/business intelligence,
financial accounting and management tools, profitability tools, wealth
management, imaging, digital documents, interactive voice response,
network services, HSAs, payments and loan origination solutions. Open
Solutions’ full suite of products and
services allows banks, thrifts, credit unions and financial services
providers in the United States, Canada and internationally to better
compete in today’s aggressive financial
services marketplace, and expand and tap their trusted financial
relationships, client affinity, community presence and personalized
service.
For more information about Open Solutions or its financial product line,
contact Mickey Goldwasser by email at mgoldwasser@opensolutions.com
or by phone at 860.652.3153 or via fax at 860.652.3156. Visit Open
Solutions’ Internet site at www.opensolutions.com.
Open Solutions Inc. is a registered trademark of Open Solutions Inc. All
other company and product names may be trademarks of their respective
owners. Copyright 2007. Open Solutions Inc. All rights reserved.
Editor’s Note: The correct usage of
the company name, Open Solutions Inc., is either referring to it as Open
Solutions Inc. or Open Solutions. Open Solutions no longer uses the
acronym of OSI to refer to the company.
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