Press release from Business Wire India
Source: Bharatiya Global Infomedia Ltd.
Tuesday, November 18, 2008 09:30 AM IST (04:00 AM GMT)
Editors: General: Consumer interest; Business: Advertising, PR & marketing, Business services, Information technology, Telecommunications; Technology
Release no: 18529
IT Trendsetter BGIL Precludes Online Theft by Introducing Revolutionary Tokenless Two Factor Authentication on Mobile Platform
New Delhi, Delhi, India, Tuesday, November 18, 2008 — (Business Wire India) — In response to a growing need for better internet security and secured access to the online resources of organizations, BGIL (Bharatiya Global Infomedia Ltd.) launches its revolutionary patent pending Tokenless Two Factor Authentication” technology. BGIL’s TTFA (Tokenless two-factor authentication) technology allows organizations to better manage security by negating the need to issue hardware tokens as they are prone to get lost and carries a huge cost in replacing them.
CIO’s and IT Managers across the industry are aware of the age old Token based TFA(Two Factor Authentication) technology which enabled remote workers to sign in securely to corporate networks from anywhere in the world, using tokens, USB Keys or Smart Cards. Such tokens generally get lost and also come with a basic hesistance of employee’s carrying multiple devices or gadgets in their pocket. The way MP3 players have merged into the mobile phones of users, BGIL’s Tokenless Two Factor Authentication uses mobiles as the next generation of tokens. Such a technology can be exploited in any industry, where there is a need for Secure Remote Access, On-Line Banking, E-Commerce, B2B Transactions, and BFSI etc.
Based on a secure proprietary platform for mobile handsets, the service uses secure algorithms to generate a one time passcode that can be used for secure access to desktop and online services. The passcode can also be sent via an SMS to user’s mobile phone.
“As public and private sector organizations open up their networks to facilitate information exchanges across a wide range of stakeholders, they are exposed to an increasing number of sophisticated e-crimes, such as financial fraud and identity theft. BGIL’s TTFA comes handy to such organizations by implementing the same for secure VPN access to their online resources. Such a technology can also address the current credit card frauds as the unique password used to access the credit card account changes every time. Implementing BGIL’s technology can restrict the credit card frauds by almost to the tune of billions of dollars. BGIL TTFA has been indigenously developed at its research lab in Noida, India and plans to become a global leader soon. The product has already been selected by Omantel to replace their Token based TFA implementation.” Says Sumit Jain, CEO, BGIL, Noida.
— Most cost-effective and convenient way to add a higher level of security to corporate networks and data
— No need to deploy and administer expensive physical tokens
— Generates a one-time, one-use passcode on the user’s cell phone each time sign on is attempted
BGIL with its Research Lab in Noida, India and Corporate Office in New Delhi, India has spent almost last 2 years into innovation and building few path breaking technologies and drafting applications around them. With its expertise in Business Applications, Mobile Applications, Embedded Computing, Multimedia Content Delivery platforms BGIL is now counted as one of the most research oriented company in the country.
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BGIL’s Tokenless Two Factor Authentication
Arpan Talwar, Bharatiya Global Infomedia Ltd., +91 (0120) 4227795, email@example.com
CONSUMER, MARKETING, BUSINESS SERVICES, IT, TELECOMMUNICATIONS, TECHNOLOGY
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