Story image

Sydney authentication provider to work with US National Cybersecurity Center of Excellence

23 Aug 17

Sydney-based cybersecurity firm TokenOne is now the first Australian company to be selected for a consortium project for the US National Cybersecurity Center of Excellence (NCCoE), alongside enterprise heavyweights such as RSA and CA Technologies.

The Multifactor Authentication (MFA) for e-Commerce project will put transaction security in the spotlight, particularly for those in retail and e-commerce industries in the US. The aim is to steer discussion away from passwords and to alternatives such as multifactor authentication.

Callsign, CA Technologies, Rivetz, RSA, Splunk, TokenOne, and Yubico are all collaborators in the project. The consortium will also produce standards-based solutions and recommendations for those in retail and ecommerce as to how to conduct secure business.

“Consumers, retailers, payment processors, banks, and card issuers are all impacted by fraud. Part of e-commerce fraud reduction includes an increased level of assurance in purchaser or user identity,” comments NCCoE’s Sarah Kinling.

“Retailers recognize that customers could be put off by the complexity that multifactor authentication mechanisms may add to the purchasing checkout and post transaction processes,” Kinling continues.

The project will consider multifactor authentication in terms of risk calculations, transaction details, web session monitoring and device identification, which can all determine that fraud may be happening.

“Multiple forms of multifactor authenticators, such as FIDO, out-of-band, and one-time-password devices will be considered to provide retailers and their customers a diverse set of implementation options. All products incorporated into the reference design will be standards-based commercially available and open source products,” Kinling explains.

TokenOne’s technology allows businesses, customers and individuals to access services through a unique PIN that is visible to nobody else, including the service that is being accessed. No algorithms are involved.

Users can verify their real-world credentials and identity, use their device as a token and then create a secret PIN. This authentication method works with more than 2500 supported sires and services, including Google Apps, Zendesk, Cisco, AWS, Adobe Document Cloud, Salesforce and Marketo.

 “TokenOne is a 'Zero Knowledge Password Proof'. The TokenOne user knows their PIN but never enters it, or reveals it to anyone, not even to the service the user is accessing,” a statement says on the company’s website.

TokenOne plans to expand worldwide and says the NCCoE project is a huge milestone.

The company also offers a partner program for value added resellers, referral partners, system integrators and ISVs and distributors.

The program provides dedicated channel support, accelerated time to market training and certification, increased ongoing revenues and a dedicated partner portal.

TokenOne is backed by investors such as Singtel Innov8. Retired FBI assistant director Charles Archer sits on the company’s advisory board.

Hillstone CTO's 2019 security predictions
Hillstone Networks CTO Tim Liu shares what key developments could be expected in the areas of security compliance, cloud, security, AI and IoT.
Can it be trusted? Huawei’s founder speaks out
Ren Zhengfei spoke candidly in a recent media roundtable about security, 5G, his daughter’s detainment, the USA, and the West’s perception of Huawei.
Oracle Java Card update boosts security for IoT devices
"Java Card 3.1 is very significant to the Internet of Things, bringing interoperability, security and flexibility to a fast-growing market currently lacking high-security and flexible edge security solutions."
How SMBs can use data to drive business outcomes
With the right technology, companies can capture consumer, sales, and expense data, and use it to evaluate and construct future plans.
Survey shows that IoT is RoI across Asia Pacific
A recent Frost & Sullivan survey across Australia, Hong Kong and Singapore shows that IoT deployment improves business metrics by around 12%.
IDC: Aussie spending on IT Services to hit $23.5B by 2023
the project-oriented market which is predicted to achieve the highest CAGR through to 2023; though no market is expected to decline
Sophos hires ex-McAfee SVP Gavin Struther
After 16 years as the APAC senior vice president and president for McAfee, Struthers is now heading the APJ arm of Sophos.
Security platform provider Deep Instinct expands local presence
The company has made two A/NZ specific leadership hires and formed several partnerships with organisations in the region.