Authentify Expert Available to Discuss FBI/FS ISAC Advisory on a New Wave of Wire Fraud Hitting Banks
Malware arming the wrong people with the right information to compromise bank accounts. Industry analysts cite Out-of-Band Authentication as effective defense.
WHO:Andrew R. Rolfe, Chief Technology Officer, Vice President, Research & Development at Authentify, Inc., patent holder on out-of-band technology.
Mr. Rolfe is an expert in authentication and identity verification systems. Prior to joining Authentify, Mr. Rolfe was a Senior Vice President at Bank of America, where he was in charge of the architecture for the first Internet financial product for the Bank's largest commercial customers. He has held key technical and management positions at AT&T Bell Laboratories, and holds several patents on phone-based authentication technology.
The FBI, FS ISAC and IC3 this week issued a joint Fraud Alert warning of a recent wave of fraudulent wire transfers to Chinese destinations totaling millions of dollars. Industry analysts commenting on the advisory cited "out-of-band authentication technology" as an effective defense. Mr. Rolfe can explain the out-of-band process and scenarios that require legitimate account holders to confirm their identity and/or participate in a transaction through a separate communication channel like an automated phone call.
WHERE:Via phone
WHEN:Mr. Rolfe is available for interviews immediately
HOW:Please contact Mr. Rolfe via John Zurawski
john.zurawski@authentify.com
Voice: 1-773-243-0328
About Authentify, Inc.
Authentify, Inc. provides phone-based out-of-band authentication services that enable organizations to quickly and cost-effectively perform real-time user authentication or transaction verification in real-time during an Internet session. The company's patented technology employs a service oriented message architecture to seamlessly integrate into existing online processes. Authentify markets primarily to financial services firms that need to protect their clients' online accounts, corporate security professionals managing access control or the distribution of security credentials, and e-merchants who want to limit fraud on their sites. Visit Authentify at: www.authentify.com
© April 2011, Authentify, Inc.
Authentify is protected by numerous U.S. and International patents including:
U.S. PATENT NOS. 6,934,858 / 7,383,572 / 7,461,258
