First Bank, with nearly 200 branches in the United States and more than $10 billion in assets, announced today that it has selected Green Armor Solutions to implement two-factor and site/mutual authentication to secure First Bank's online banking systems.
First Bank reported that the selection followed an exhaustive process of comparing and testing authentication solutions from numerous leading vendors.
Green Armor Solutions will enable First Bank to strengthen authentication for online banking and to meet FFIEC security guidelines without sacrificing user friendliness, and without forcing First Bank's customers to endure enrollment processes or extra steps during each login. The system will also provide simple, straightforward, and psychologically efficient site authentication, helping to protect First Bank's customers from phishing scams and related fraud without requiring effort by end-users.
"Both the security and usability of our online banking channel are absolutely critical to us at First Bank," remarked Michael Benney, Senior Vice President of Information Technology. "We thoroughly researched and compared authentication systems from numerous vendors before selecting Green Armor based on its unique strengths in the areas of both security and user-friendliness."
Green Armor Solutions' Identity Cues series of enterprise software products leverages a combination of psychology and technology, thereby delivering a solution that is both more effective and easier to implement than alternative offerings. It stands out in its simplicity for users (users do not need to enroll, install any software, carry any devices, memorize any information, or perform extra steps during login), and its security (for example, offering multiple defenses against man-in-the-middle attacks as well as against next generation psychology-based attacks, both of which are beginning to surface as serious vulnerabilities in many authentication systems).
"We are excited to have been chosen as the authentication platform for First Bank, its affiliates, and its subsidiaries," said Shira Rubinoff, President of Green Armor Solutions. "First Bank's due diligence during the vendor selection process demonstrates the significance it places onn online banking, security, and customer satisfaction. The selection of Green Armor by such an institution highlights the superior nature of Green Armor's technology and the true business value that our advantages bring to our customers."
Separately, Tampa Bay Federal Credit Union (Tampa Bay Federal), which has more than 40,000 online members, announced today that it has selected Green Armor Solutions to implement two-factor and site/mutual authentication to secure Tampa Bay Federal's online banking systems. Tampa Bay Federal reported that the selection followed a thorough process of comparing authentication options from several vendors.
Green Armor Solutions will enable Tampa Bay Federal to strengthen authentication for online banking and to mee t NCUA and FFIEC security guidelines without sacrificing user friendliness, and without forcing Tampa Bay Federal's members to endure enrollment processes or extra steps during each login. The system will also provide simple, straightforward, and psychologically efficient site authentication, helping to protect Tampa Bay Federal's members from phishing scams and related fraud without requiring effort by end-users.
"We at Tampa Bay Federal were looking to implement strong authentication for online banking without sacrificing the usability and user-friendliness that our members have grown to expect," explained Cindy Walker, Executive Vice President and Chief Operating Officer. "We compared authentication systems from numerous vendors including Corillian and RSA-Passmark. Green Armor is clearly unique in its ability to deliver strong security with essentially no usability trade off; their psychology-based solution allows us to simultaneously enhance both security and user-friendliness."
Green Armor Solutions' Identity Cues series of enterprise software products leverages a combination of psychology and technology, thereby delivering a solution that is both more effective and easier to implement than alternative offerings. It stands out in its simplicity for users (they do not need to enroll, install any software, carry any devices, memorize any information, or perform extra steps during login), and its security (for example, offering multiple defenses against man-in-the-middle attacks as well as against next generation psychology-based attacks, both of which are beginning to surface as serious vulnerabilities in many authentication systems).
"We are delighted to have been selected as the authentication platform for Tampa Bay Federal," said Shira Rubinoff, President of Green Armor Solutions. "It is exciting to once again have been compared against other authentication systems and emerge as the only technology that can deliver greatly improved security without adversely impacting users."