Cyota Launches eSphinx

Thursday 7 April 2005 10:55 CET | News

Cyota, has launched Cyota eSphinx, a new product based on the companys Adaptive Strong Authentication (ASA) technology for online banking.

Cyota eSphinx authenticates all online banking activities beyond the standard user name and password based on a device profile, assesses the risk level associated with each activity or transaction in real time, and requests additional authentication measures for any transactions identified as high risk. Cyota eSphinx is a low-cost alternative to hardware-based strong authentication solutions, and is completely invisible to 95 percent of accountholders. It allows banks to achieve stronger security without compromising on usability. At the first sign of a high-risk transaction, such as major deviations from a customers established banking patterns, device or communication profile, eSphinx immediately invokes stronger authentication measures via telephone or other communication channel. If the transaction is deemed authentic, eSphinx will adapt and learn this new user behavior, and will not trigger similar alerts in the future. Cyota eSphinx is the first solution of its kind to combine strong authentication technology with a robust online risk management system. At the heart of eSphinx is Cyotas eRisk Engine, a core component of Cyotas new eVision online banking fraud management solution, which was developed over the course of providing online security, authentication and anti-fraud services to banks for the past six years. eSphinx was developed with input from several of Cyotas large financial institution clients in North America and the UK looking for alternative strong authentication solutions, and leverages several Cyota patents in this space. It also leverages Cyotas eFraud Network of banks across the globe to identify fraudster profiles and patterns.

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Categories: Payments & Commerce | Payments General
Countries: World
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