For financial institutions conducting transactions over electronic channels, the most prevalent vulnerability is also the most obvious one: the use of static passwords as a form of user authentication. Outdated and weak, static passwords are ineffective against today’s security threats. To rely on static passwords as a means of authentication in the financial world is an open invitation for fraudulent attacks, compromised accounts and financial losses.
As the global leader in two-factor authentication solutions for the financial industry, VASCO offers mature technologies designed to complement existing security policies and minimally impact the existing IT architecture. VASCO solutions have been refined by years of experience in some of the world’s largest deployments, most commonly to secure high-risk areas such as:
- ACH and wire transfers
- Cash management
- Proprietary applications
- Mobile applications