Latin America. HID Global expanded its broad identity verification portfolio with the addition of The ActivID Flexi Token. The new addition is ideal for financial institutions and enterprises looking for a PIN entry keypad solution that is cost-effective and offers advanced security capabilities for mass deployments.
The hardware appliance offers a more flexible solution for graphical customization and deployment. In addition, it gives customers the option to initialize the device on their own premises in order to provide an additional level of data protection and improve security scheduling.
"Our banking and corporate customers now have an additional option of a one-time password (OTP) device that is part of a comprehensive solution that provides one of the industry's best and most practical experiences," said Tim Phipps, vice president of product marketing at HID Global. "New devices can be used with our ActivID authentication system without the need to replace or upgrade equipment. These solutions offer the flexibility to graphically customize each side of the product and initialize it at the customer's premises," he added.
Banks and companies in Latin America are increasingly aware of the importance of protecting their information and that of their customers, implementing increasingly powerful cybersecurity systems. According to Deloitte's report on data security in Latin American corporations, 20% of respondents have adopted encryption systems on mobile devices.
Likewise, the Internet is one of the channels in which most transactions are currently carried out. According to the guild of financial institutions of Colombia, Asobancaria, in 2014 alone, 77.5 million transactions were made using digital banking. The use of this channel grew by 137% in the country, with more than two million Colombians accessing their banking products through cell phones, computers and other mobile devices.
ActivID Flexi Tokens are designed to minimize the costs that organizations incur to protect data in high-volume deployments, thanks to a secure device with two-factor authentication. The compact and functional devices are easy to mail and carry, and feature an intuitive interface with icons and messages that simplify their use through visual cues.
The appliance can be used in user authentication (one-time password or Q&A protocol), transaction signing, and verification on the central system (host) via a specialized device button. By supporting a wide variety of security services, standards, and algorithms, the solution maximizes flexibility to protect sensitive data. Additionally, it improves security and satisfies availability requirements on demand, by allowing banks and companies to use their own authentication keys or reinitialize products in their facilities when they must issue new keys.
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