May 16, 2013 -
Tyfone has officially unveiled its Connected Smart Card – a combination of hardware, software and hosted services – aimed at financial government, healthcare and other enterprise communities.
According to the company, this new solution combines centralized data with local, device validation to strengthen and simplify the centralized storing of passwords, as well as biometric data.
“Criminals have always robbed banks because ‘that’s where the money is,’ but today’s cybercriminals prefer the centralized databases that store individuals’ passwords because with passwords they can loot literally millions of bank accounts and credit card numbers, steal sensitive government and corporate data, and hack critical infrastructure such as power grids,” Siva Narendra, CEO of Tyfone said.
“Recognizing this threat, Tyfone worked closely with our financial and government customers to implement our CSC technology, a next-generation cyber security solution that enables the locally secured, hardware-enabled storage of passwords, card preset payment information, biometrics and other ID credentials to keep criminals and hackers at bay.”
The company says its hardware works will all existing software, smart card applets, password schemes and digital certificates and allows for seamless integration with organizations’ existing smart card-driven security solutions.
Reported previously, Tyfone announced a strategic investment and technology development agreement with In-Q-Tel to bring mobile security in cloud and NFC transactions for the U.S. Government.