Mashreq Bank deploys security suite for corporate online banking portal

Tuesday 25 August 2009 10:48 CET | News

United Arab Emirates-based financial services provider Mashreq Bank has teamed up with IT security services company Bulwark Technologies to deploy a two-factor authentication suite for its corporate online banking portal, online news portal reports.

Bulwark Technologies acts as regional distributor for CRYPTOCard, an authentication provider for remote access and web-based processes.

Under the terms of the partnership, Mashreq Bank has implemented CRYPTOCard’s CRYPTO-Shield 2 FA solution. CRYPTO-Shield enables organizations to positively identify individuals through strong passwords before giving them access to applications, data and networks. The CRYPTO-Shield authentication service that consists of a suite of applications designed for implementing and operating strong passwords using two-factor authentication for password validation. CRYPTO-Shield, a strong password validation solution, provides secure remote access, domain and desktop logon or web portal access with two-factor authentication.

Under the CRYPTO-Shield 2FA system, customers are assigned a hardware token, which has a unique ID and barcode. The token is pre-programmed by the bank with access rights and limitations for each individual customer.

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Keywords: CRYPTO-Shield, Bulwark Technologies, Mashreq Bank, CRYPTOCard, two-factor authentication, online banking
Categories: Banking & Fintech | Online & Mobile Banking
Countries: World
This article is part of category

Banking & Fintech