American vendor, Entrust, has launched a global Mobile and Soft-Factor Authentication Program to meet Federal Financial Institutions Examination Council (FFIEC) guidance and hard token replacement.
Up to 5000 businesses currently using a hard token-based solution are able to trade in the devices for Entrust’s mobile and soft token authentication factors, in a one-for-one swap.
The offering allows organisations to adopt Entrust IdentityGuard 10.0, a single, software multi-factor authentication platform that enables them to manage and deploy a range of authenticators simultaneously. The authenticators can be issued based on specific requirements, associated risk and cost.
Users can register their mobile devices through the Entrust IdentityGuard Self Service Module and have a digital ID downloaded directly onto their device. The Smart Credentials offered under Entrust IdentityGuard 10.0 allows organisations to simplify the issuance and management of Smart Cards to better integrate and secure physical and logical security.
Businesses can also adjust security in real-time to meet the changing threat landscapes or future regulatory requirements.
The platform aims to provide organisations with the ability to address security needs.
According to Entrust president and CEO, Bill Conner, the most recent FFIEC guidance recognises that the increase in critical, high profile security breaches have proven that the old one-size-fits-all hard token model is obsolete and susceptible to future attacks.
“Forward-thinking organisations understand the need for a software multi-factor authentication platform that not only allows for layered security, but also allows users to seamlessly move to a new authenticator in the event of a breach,” he added.
To qualify for this offer, organisations must either currently use Entrust IdentityGuard 9.3 or higher, or purchase Entrust IdentityGuard 10.0. A hard token from any vendor will qualify for the program and Entrust will not require users to turn in old hard tokens.
The deadline to qualify for it is December 23 this year.