PhoneFactor was the only authentication vendor to be named. Check it out on page 26!

http://content.yudu.com/Library/A1ojdv/SecurityMattersJulyA/resources/index.htm

April 20, 2009 – PhoneFactor, a leading provider of security products and services, today announced the availability of Transaction Verification – a powerful tool for preventing fraudulent transactions in real-time.

For high-risk and high-value transactions, Transaction Verification protects against fraudulent activity by authenticating the transaction itself. By providing details about the transaction in the verification call, even if the user’s authenticated session has been hijacked, their transactions are protected.

“Attacks are becoming increasingly sophisticated – defeating traditional authentication methods such as tokens and certificates,” said Steve Dispensa, CTO of PhoneFactor. “The only way to protect against these threats is through out-of-band verification of the transaction itself. If you can provide this verification before the transaction occurs, the hassle of dealing with the aftermath if and when the account owner becomes aware of the fraudulent transaction is eliminated.”

Transaction Verification leverages the PhoneFactor phone-based two-factor solution which works by placing an automated call to the user. Users answer the phone and press # (or a PIN) to authenticate. PhoneFactor does not require users to key a One Time Password into the login interface – making the user experience seamless and providing a completely out-of-band authentication channel for added protection against sophisticated attacks like man-in-the-middle.

If a user gets a call requesting verification of an unauthorized transaction, they can simply press 911# to lock their account and notify their financial provider that an attack is in progress. The ability to not only stop the transaction before it occurs, but to also create a real-time alert is unlike any other solution on the market today.

February 25, 2009 – This Friday, Feb. 27, at 12 noon ET on PhoneFactor’s Internet Radio Talk Show Security Break Live! With Steve Dispensa, the hosts will share a plan to thwart attacks like the enormous personal file breach at Monster.com.

Who can afford to be afraid to post a resume these days? Tune in to find out ways to protect yourself while still getting your name out there. Co-Host Elinor Mills is a veteran journalist covering security, and will make sure no tough questions are left unasked.

Every 2^nd and 4^th Friday of each month, Security Break Live!, hosted by Steve Dispensa, PhoneFactor’s CTO, will broadcast potential solutions to crimes in the news. With live chat and the hosts taking callers, the twice-monthly show will also provide a community venue for critical discussions. Dispensa was an industry pioneer in transaction-level verification to combat man-in-the-middle attacks against authenticated sessions. The radio show airs at www.blogtalkradio.com/securitybreaklive.

Listen to the last show about ATM Fraud in Broad Daylight, Dispensa also hosts a blog at http://www.securitybreaklive.com.

Read the entire article here:
PhoneFactor Offers Safe Authentication & Fraud Protection