Startup Launches Multi-Factor Authentication Tool

BOSTON -- 2factor, a provider of leading-edge security solutions, today introduced two high-performance security solutions that overcome the inherent weaknesses and known vulnerabilities of public key infrastructure (PKI) and other common security products. Based on patented technology for performing “secure electronic transactions, messaging and digital steaming,” and on a patent pending for “perfectly secure key exchange and authenticated messaging,” 2factor’s security software automatically negates the techniques used by hackers to commit intra-session fraud.

PKI security products such as SSL, and systems using cards, tokens, or “one-time” passwords, only authenticate the user a single time, “at-the-gate,” during the initialization of a session. This leaves users wide open during the entire session to well-known hacker attacks like phishing, pharming, spoofing, piggyback, man-in-the-middle, hijacking, Trojan horse and key-logging, all of which result in the perpetration of on-line fraud.

2factors’s Real Privacy Management™ (RPM) software addresses the shortcomings of today’s security products. RPM is an ultra-fast, extremely lightweight, and easily customizable two-factor private-key security system that can be quickly deployed inside any software application, device or chip. RPM defeats hacker attacks by continuously generating fresh, short-lived 256-bit secret keys that are used to mutually authenticate each party and to encrypt/decrypt every data transmission in real time.

“Banks and other organizations that conduct online commerce have deployed many types of security products with varying levels of success,” said Eric Ogren, founder of the Ogren Group, a security consulting firm. “Many companies are still experiencing significant levels of online fraud from phishing and man-in-the middle attacks designed to steal sensitive data after the initial user authentication. Technologies such as RPM can enhance the security of SSL to transparently give end-users more confidence when conducting Web-based transactions. By providing cost-effective yet highly secure communications, 2factor is poised to help businesses safely move more customer applications to the Web.”

2factor Inc.