The Problem & The Solution

Online fraud and theft have reached epidemic levels worldwide. Last year alone, over 516,000 people in the U.S. were victims of Identity Theft. The volume of web transactions has dramatically increased, with personal information and account numbers used for everything from reservations to banking.

To secure the burgeoning volume of Internet transactions, Secure Socket Layer (SSL) was developed in 1995. SSL has evolved into the standard protocol for web security and encompasses multiple cryptographic algorithms. These are designed to encrypt and protect user and account information activated when a user's browser communicates with one or more web servers. At any junction along its path, including the user's PC, the data, complete with passwords and PINs can be potentially viewed and used fraudulently. Only by confining critical logon data away from the Internet can banks and credit unions hope to keep it completely safe.

The Financial Industry has attempted to address these attacks in various ways, including deploying smart cards to encrypt and store user and account information. This approach, deployed with Public Key Encryption (PKI) security, has proven too costly to implement. Other conventional approaches using software and magnetic-stripe cards have also failed.

Until now, SSL and other security schemes could not cost-effectively isolate and protect user data. ATMobility^TM is the only solution that keeps passwords and PINs securely within a smart card, where only the authorized user can access it.

Password Management
The ever-growing volume of web activity has also spawned the exponential growth of required passwords for access. Forgotten or compromised passwords require extensive and costly management that upset consumers when they can't get to where they want to go. This problem only worsens as consumers increase activity, adding more passwords and then finding them increasingly difficult to remember. According to CIO Magazine, the average employee has a minimum of two passwords at work to remember in addition to those used at home.

Sneaky Marketing
A less malicious, but still serious form of unauthorized web access is done by companies that use snooping programs. These are often downloaded to home PCs covertly to spy on consumer browsing and buying habits for marketing purposes. Once captured, this data is used to send unwanted SPAM. At the same time, personal and account information is potentially exposed to unauthorized parties.

After almost two decades of adoption worldwide, smart card security has been widely proven as the most absolute method of securing data and transactions. The microcomputer chip within the card stores and processes data with the power of a computer in a small, portable and physically secure format. Extensive security is built into the card, with no need for external measures.

ATMobility^TM is a portable smart card, reader and software solution that works with a home computer and makes private financial web-site access truly secure and mobile. ATMobility^TM delivers 'Two Factor Authentication', which ensures that the banking customer is the only person other than the bank that sees and uses their personal data.

CardLogix has found a way to apply the proven security of it's smart cards to make online banking safer at a practical cost. The card functions as a conventional ATM card, with access beginning with its insertion into a handheld reader. Entry of a four-digit PIN on the reader unlocks the card for use. The logon to your account screen issues a challenge to the reader. The card responds with a number set read-out that the user types into the screen. The number is accepted and entry is granted.

For online transactions, the CardLogix ATMobility^TM acts much like a lock box, isolating the most critical user logon data. Once verification takes place, the reader reads-out a numeric code that the user types into a logon window. Since this numeric code is a one-time-password, it travels the web instead of critical security data. For more information please download our white paper entitled "Two-Factor Authentication for Internet Transactions".


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