With the rise of identity theft, phishing and other online fraud, Msystems says there is a strong need to offer a portable, user-friendly smart card-enabled platform for seamless two-factor authentication and security services, such as digital signature and data encryption.
mToken is designed to enable consumers to securely authenticate for online services from anywhere, without the need to carry and install drivers and new software.
With mToken, enterprises and OEMs can offer new, plug-and-play applications and additional smart card-based services to their customer base. The platform’s smart development tools help organizations to create specific user scenarios, customized applications and diversified offerings to meet the requirements of almost any industry.
By plugging mToken into any connected computer with a USB slot and authenticating with a password, the customer gains access to applications, account information and enterprise and retail resources. Data stored on mToken is always encrypted with its smart card cryptographic key while additional on-device security layers protect the user from online identity theft.
Intended to improve security as a way to increase the viability of online business, mToken was created with 3 S’s in mind: security; simplicity; and seamlessness, said Daniel Schreiber, vice president of marketing and business development for Msystems’ retail and enterprise division.
Bank Leumi, an Israeli financial group with an international network of more than 300 branches and offices throughout the world, is currently working with Msystems to integrate mToken with its online banking services, to enhance the quality and security of its customers’ online banking.
