Earlier this month, Spanish authorities and security researchers worked together to track down and capture three Spanish men behind the Mariposa botnet, a network of almost 13 million computers across 190 countries. Cybercriminals are increasingly looking at business rather than consumer accounts to hack as banks scramble to shore up their defenses, According to a recent analysis by nonprofit research firm Team Cymru, the number of known Web-based bonnets soared from about 800 in the first half of 2009 to 1,600 by the end of the year.
"I think what happened is the consumer side of the bank has spent seven years building defenses, learning about it ,but the business banking side has done nothing," Peter Chris said, Marketing Manager of SecuTech. "Now the business banking side is under attack."
Peter talks with bank executives about his company's product, the UniToken product, a ruggedized key with secure access device. There are a couple of banks in the U.S. that seem to be routinely probed by hackers and sophisticated malware, said Peter, who declined to name the banks.
In the U.S., where consumer online bank accounts often only require a login and password, it appears that hackers have obtained more account details than they can find money mules. Law enforcement agencies have increasingly warned people about work-at-home schemes that seek to recruit people to become mules.
"There's only a certain number of thousand of mules active at one time," Peter said "We're starting to believe that's the constraint around why aren't there billions and billions of dollars being moved out."
As a result, SecuTech roadmap includes plans for different ways to sign transactions with its device for businesses, which is now often done by the banks by a secure access control that is entered into a Web-based form, Peter said.
SecuTech is also looking into how to build hardware based security applications. Up to 10 percent of online banking customers in the U.S. are using mobile phone banking, and it will only be a matter of time before the number of users increase to make those platforms attractive to criminals, Peter said.
A smartcard-based driverless hardware key that offers 3-level security and manages the password and credentials on the device. It offers big encrypted memory and onboard encryption. The smartcard technology provides the strongest authentication and verification that enables a wide variety of security related solutions.
To organizations
Enhanced business-With secure access in place, organizations can enable business through network connectivity and online services anytime, anywhere.
Security-UniToken protects sensitive business data from unauthorized access.
Cost savings- UniToken reduces password administration costs and losses from data breaches, and provides flexible and multiple solutions in one platform.
To users
Identity protection-UniToken provides individuals with a reliable digital identity, protected from theft and abuse.
Portability and convenience-UniToken enables users to take their access credentials with them securely, wherever they go, whenever they want.
Our website is not responsible for the information contained by this article. Webworldarticles.com is a free articles resource thus practically any visitor can submit an article. However if you notice any copyrighted material, please contact us and we will remove the article(s) in discussion right away.
This article was sent to us by:
Unknown at
08132010
1. Checklist for starting a businness
All articles in this directory are property of their respective authors. Additionally, read our Privacy Policy
© 2010 WebWorldarticles.com - All Rights Reserved. Partners: Gunblade Saga