Business Services Industry

Authentify Expert Available to Discuss New Phishing Attack that Spoofs Two-Factor Authentication; Attack on Citibank Web Site Exposes Need for Out-of-Band Authentication to Protect Consumers

Business Wire, July 12, 2006

Authentify, Inc.:

WHO: Andrew R. Rolfe, Vice President, Research & Development,
            Authentify Mr. Rolfe is an expert in authentication and
            identity verification systems. Prior to joining
            Authentify, Mr. Rolfe was a Senior Vice President at Bank
            of America, where he was in charge of the architecture for
            the first Internet financial product for the Bank's
            largest commercial customers. He has held key technical
            and management positions at AT&T Bell Laboratories, and
            was a key member of Internet document management and
            delivery pioneers Odesta Systems Corporation and NetDox.

      WHAT: Secure Science Corp. recently reported a new Phishing
            attack that targets users of Citibank's Citibusiness
            service. The attack is unique because Citibusiness is
            protected by a token-based authentication system, in
            addition to the traditional user name and password
            security system. The attack, which uses a technique known
            as "man-in-the-middle", exposes how two-factor
            authentication can be breached.

            Authentify's Mr. Rolfe can discuss how this new form of
            attack demonstrates the need for two-way authentication
            between a user and a trusted web site that processes
            sensitive financial transactions. Mr. Rolfe can explain
            the need and application scenarios for interactive
            out-of-band authentication systems that enable account
            holders and their financial services web site to confirm
            their identity and participation in a transaction through
            a separate communication channel like an automated phone
            call.

     WHERE: Via phone

      WHEN: Mr. Rolfe is available for interviews immediately

       HOW: Please contact Mr. Rolfe via Marc Gendron at 781-237-0341
            or marc@mgpr.net

About Authentify

Authentify, Inc. provides automated out-of-band authentication services that enable organizations to quickly and cost-effectively perform real-time user authentication during an Internet session. The company's patented technology employs a service oriented message architecture to seamlessly integrate into existing online processes. Authentify markets primarily to financial services firms that need to protect their clients' online accounts, corporate security professionals managing access control or the distribution of security credentials, and e-merchants who want to limit fraud on their sites. Visit Authentify at www.authentify.com, or call 773-243-0300.

COPYRIGHT 2006 Business Wire
COPYRIGHT 2008 Gale, Cengage Learning

 

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