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| TriCipher Intros ID Tool ToGo TriCipher has introduced ID Tool ToGo - the first portable solution for protecting sensitive information online, that can be delivered on a multi-use device. ID Tool ToGo protects bank, retail and healthcare organisations' customers from online identity theft, fraud and emerging threats such as man-in-the-middle phishing and man-in-the-browser attacks. Available today for USB smart drives, ID Tool ToGo provides consumers with a branded, portable, convenient, multi-use device, overcoming cost, technology and familiarity concerns common to smartcards, biometrics and tokens. TriCipher's ID Tool ToGo, combined with its patented public-key infrastructure technology, gives companies a far more affordable and secure alternative to expensive one-time password tokens, smartcards, or biometric devices, which can cost ?25 or more per user each year – and are vulnerable to MITM and MITB attacks. In addition, ID Tool ToGo delivered on a USB smart drive provides value beyond securing personal information online; it allows users to store and transport music, photos and data. TriCipher will offer companies "customer self-provisioning" so customers can download the ID Tool ToGo onto their own devices. TriCipher is working to bring ID Tool ToGo to other multi-use devices. ID Tool ToGo thwarts MITM attacks by preventing hackers from accessing the credential, or "following" users into a legitimate session. One part of the user's credential is generated from ID Tool ToGo, and the other portion is stored on TriCipher's appliance. When a user connects ID Tool ToGo, it automatically launches a Web browser and TriCipher's ID Tool from the USB smart drive. The user enters a username and password, and is securely logged into the Web application. According to a recent Gartner Dataquest report, 142.75 million USB devices will be sold worldwide in 2007 . Banks, retailers and healthcare organizations can offer custom branded ID Tool ToGo USB smart drives to their customers or a software download for use with any off-the-shelf USB smart drive. This helps avoid costly, single-purpose tokens, biometric devices and smart cards – increasing security and improving customer loyalty while lowering multifactor authentication costs by 80 percent or more. ID Tool ToGo can also integrate with higher levels of authentication on the TriCipher Authentication Ladder. The technology can also combine with forthcoming transaction authentication technology, enabling users to guarantee that their online activities are safe from the next generation of hacker attacks. ID Tool ToGo enables stronger security, and gives banks in particular significant competitive advantages. According to the TriCipher Consumer Online Banking Study, the US banking industry could increase profitability by $8.3 billion through increased online banking adoption and customer loyalty. If offered identity protection software, 62%– or 102 million – U.S. online consumers would download and use identity protection software from their financial institution. Banks offering identity protection software would open the door to 31 million new customers who do not currently bank online, and another 39 million online users would be likely to increase their online banking activity. write your comments about the article :: © 2007 Computing News :: home page |