X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

PHOENIX – GuardID Systems has unveiled its ID Vault two-factor authentication system for secure online access to banks, credit unions and brokerages. The company says ID Vault is the first authentication system available directly to consumers, which addresses recent findings that hardware-based two-factor authentication is more secure than password-only single-factor sign-in. According to the FTC, approximately 27 million American adults have been victims of ID theft in the last five years. The FDIC has found that unauthorized access to checking accounts is the fastest growing form of identity theft. “Using only a password to access your online bank statements makes anyone an easy target for online thieves and hackers,” said Jerry Thompson, CEO of GuardID Systems. “Two-factor log on, meaning a physical device as well as a password, is a much more secure way of performing any online transaction – ID Vault offers this two-factor security and is an all-in-one, practical solution.” The ID Vault authentication system is based on smart card technology. It plugs into any Windows PC USB port, and works with thousands of financial institutions. ID Vault will be available in the first quarter of 2006 and will be sold at major electronics retailers like CompUSA and Best Buy with an SRP of $49.99.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.