VASCO Data Security International announced the launch of DIGIPASS 310, its newest hardware authenticator that provides One Time Passwords and electronic signatures to ensure secure online payments.
Two-factor authentication is used by banks and other organizations to secure access to valuable assets and to protect financial transactions from hacking attacks. Interest has grown in two-factor identification using One Time Passwords. With a One Time Password, the login password expires after 30 seconds and cannot be used or guessed by hackers.
The DIGIPASS® 310 features a dual-line graphical display so that the transaction amount and account number may be confirmed before an online or mobile banking customer electronically signs a transaction. This helps protect against Man-in-the-Middle attacks, a type of banking fraud where the transaction data is altered by a hacker.
“Attacks on online banking continue to grow in sophistication and frequency, so banks must respond with more secure solutions that defeat the newest attacks,” said Jan Valcke, President and COO of VASCO. “It is very important to VASCO and our customers to be able to provide enhanced online security while making the process easier for users.”
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