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Spokane Teachers Credit Union Deploys Comodo Two Factor Authentication Solution

Comodo announces that Spokane Teachers Credit Union has deployed Comodo's S.A.F.E. solution (Secure and Authenticated Financial Engagements) for credit unions. First stage was the deployment of Comodo's PKI-based Two Factor authentication solution that complies with FFIEC guidelines.

Based on strong Public Key Infrastructure, the Comodo S.A.F.E solution includes Two Factor client certificates, Content Verification Certificates, email certificates, EV high assurance SSL certificates, HackerGuardian vulnerability scanning and certification solution, and SiteMon website continuity service.

Comodo S.A.F.E. Solution Summary:
1) Two Factor Client Certificates for a Solution with No Integration:
Financial institutions are under pressure to comply with Federal Financial Institutions Examination Council guidelines to strengthen their mutual authentication processes for online banking transactions. The implementation of a multifactor solution requires ease of integration, ease of adoption by credit union members and ease of configurability. With Comodo TF, Spokane can support a high-performance two- factor solution while reducing operating costs. This two-factor solution offers significant advantages over other two factor solutions:
- The only PKI based two factor solution – PKI is considered by analysts as one of the strongest forms of authentication available for online security
- Virtually the easiest multi-layer solution for members to adopt because there is no change in members' online banking behavior once a DigitalID has been created. Members conveniently continue to use their existing usernames and passwords.
- High level of flexibility and configurability for the credit union.
- Solution can be deployed in days.
- Ease of customer support.

Other key elements in Comodo's S.A.F.E. Solution that Spokane Teachers Credit Union may be deploying include:
2) Content Verification Certificates that protect members from phishing, pharming, and man-in-the-middle attacks:
The second part of the mutual authentication model includes Comodo's unique Content Verification Certificates that authenticate web content (such as a log-in box or graphics) to authenticate site identity. This is the only digital certificate on the market today that protects against man-in-the middle attacks as this solution alone delivers non-browser "green good to go" indicator confirming site identity. With this technology, Spokane's members can verify the credit union's identity using a reader (VerificationEngine) which they download as easily as Adobe Reader. Moreover, since VE now authenticates the identity of over 200,000 home page logos content, this solution delivers added-value to Spokane's members.

3) EV SSL Certificates - High Assurance SSL Certificates:
These high assurance certificates provide encryption and authentication of business identity with a new confirming green indicator in the address bar delivered through the browser interface. This new class of SSL Certificates provides a new level of identity assurance for online banking customers and is a critical component of a fully integrated identity and trust assurance best practices approach to a trusted online banking experience.

4) Email certificates for Secure Email Communications:
Email certificates will be used to digitally sign and encrypt sensitive communications, providing additional layers of security so that members' personal information remains protected.

5) HackerGuardian – Daily Vulnerability Scanning and Certification Solution:
Hacker Guardian, a PCI approved scanning service will scan Spokane's web servers to ensure they are free of known security vulnerabilities that hackers exploit. After the daily scan confirms site safety, Spokane's site will display the certification seal, called HackerShield TrustLogo, confirming the site's safety from hackers. Members using VerificationEngine can verify this highly visible TrustLogo as authentic.

6) SiteMon – Website Continuity Monitoring Service:
SiteMon is a website continuity monitoring service that automatically checks websites every 10 minutes to ensure they are up, running, and viewable to the public.



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