News

Cronto launches new visual transaction signing device for online banking

Friday 21 December 2012 11:51 CET | News

UK-based secure visual transaction authentication services provider Cronto has introduced the CrontoSign optical device for online banking.

The new CrontoSign device uses a large 1.7” colour TFT display allowing banking customers to review all transaction details on the same screen. Since all transaction information is decoded and decrypted by the device from the CrontoSign image, the bank is in control of what and how is presented on the display of the CrontoSign reader. The bank can choose the exact message to display on the device to give the customer the chance to spot a fraudulent transaction. This allows the bank to mitigate not only current attacks but even future threats poised by social engineering attacks and banking Trojans.

The CrontoSign device now also supports multiple security credentials allowing the customer to use it across several banking accounts. The device is distributed to users unpersonalised and can be activated for each account following bank’s activation process. The activation involves loading security credentials on the device by scanning an activation CrontoSign image.
 


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Keywords: Cronto, online banking, visual transaction, online fraud, online banking
Categories: Fraud & Financial Crime
Companies:
Countries: World
This article is part of category

Fraud & Financial Crime






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